Adani Ports Sells 49% Stake in Vizhinjam Port for $1.397 Bn

Adani Ports and Special Economic Zone Ltd (APSEZ) has entered into a Share Purchase and Subscription Agreement with Mundi Limited, a subsidiary of Terminal Investment Limited (TiL), for a 49% stake in Adani Vizhinjam Port Private Limited (AVPPL). Mundi Limited will invest USD 1.397 billion, representing its proportionate share of the total deal value of USD 2.85 billion. This transaction is subject to customary approvals. The partnership aims to enhance volume visibility and accelerate the ramp-up at Vizhinjam port, which has a current capacity of 1.6 million TEUs and is undergoing expansion. This marks the third major collaboration between APSEZ and MSC Group.