Adani sells 49% stake in Vizhinjam port to world's largest container shipping firm

Adani Ports will sell 49% stake in Adani Vizhinjam Port to Terminal Investment, the port-operating arm of world's largest container shipping firm MSC Group, in a ₹13,225 crore ($1.4 billion) deal. Adani called it the largest foreign private investment in Indian port infrastructure. The transaction marks Adani Ports' third partnership with MSC after joint ventures at Mundra and Ennore ports.