Adani Ports sells 49% stake in Vizhinjam Port to TiL for $1.397bn

TiL, a part of the MSC Group will invest $1.397 billion for a 49% stake in Adani Vizhinjam Port (AVPPL), the concessionaire for Vizhinjam port. The transaction is subject to customary approvals, including regulatory ones. The collaboration represents the single largest foreign private investment in Indian port infrastructure.