Adani Ports Seals $1.4 Billion Vizhinjam Stake Deal

Adani Ports and SEZ Ltd has agreed to sell a 49% stake in Adani Vizhinjam Port Pvt Ltd, to Terminal Investment Ltd, a unit of Mediterranean Shipping Co (MSC), in a $1.4 billion deal. The deal includes funding for the port's capacity expansion, increasing annual handling capacity from 1.6 million to 4.1 mn containers, with future plans to reach 5.7 mn.