Adani Ports to sell 49% stake in Vizhinjam port to MSC's TiL for $1.4 billion

Adani Ports and Special Economic Zone will sell a 49% stake in Adani Vizhinjam Port to MSC Group's Terminal Investment Ltd. for $1.397 billion, valuing the Kerala port at $2.85 billion. The deal aims to expand capacity, boost cargo traffic and strengthen global trade connectivity, subject to approvals.