Adani Ports Deal: Adani Group sells 49% stake in Vizhinjam Port, signs a big deal worth $1.4 billion with MSC…

Business Desk – Adani Ports Deal: Adani Group company Adani Ports and Special Economic Zone (APSEZ) has signed a big deal of $ 1.397 billion (about $ 1.4 billion) with Terminal Investment Limited (TiL), a subsidiary of Swiss shipping company MSC Group, to sell 49 percent stake in its Vizhinjam transshipment port. After this announcement, the shares of Adani Ports rose by more than one percent on Tuesday and were seen trading at around Rs 1,798.

Will buy 49% stake in Vizhinjam Port

Adani Ports informed the stock exchange that it has signed the final agreement with Terminal Investment Limited (TiL). TiL, part of MSC Group, the world’s leading shipping company, operates and invests in container terminals. Under this agreement, TiL will purchase 49 percent stake in Adani Vizhinjam Port Private Limited, which operates Vizhinjam Port.

There will be investment of 1.397 billion dollars

According to the company, TiL will invest $ 1.397 billion for this stake. Based on this deal, the total enterprise value of Vizhinjam Port is estimated at approximately $2.85 billion. However, this deal will be completed only after receiving all the necessary regulatory and other approvals.

Control will remain with Adani Ports

Even after selling 49 percent stake, Adani Ports will continue to hold 51 percent stake in the company. Adani Ports will also have majority in the Board of Directors, due to which the operation and control of the company will remain with it. That means Vizhinjam Port will continue to be a subsidiary of Adani Ports in future also.

Investment will be done in two phases

TiL will make this investment in two phases. In the first phase, the company will buy 49 percent stake by paying $539 million. After this, once the port expansion is completed by December 2028, the remaining $858 million will be invested through a mix of debt and equity.

CEO said- India’s global connectivity will be strong

Ashwani Gupta, Wholetime Director and CEO of Adani Ports, said that extending the long-standing partnership with MSC to Vizhinjam Port is an important step for the company. According to him, this agreement will strengthen the global supply chain, make port operations more efficient and give new strength to India’s international trade connectivity.

India’s first mega transshipment port

Vizhinjam Port started operations in December 2024. It is India’s first deep-draft mega transshipment port, where it is possible to handle the world’s largest container ships. Currently its container handling capacity is 1.6 million TEU. After completion of the expansion project, its capacity is expected to increase to 5.7 million TEU by December 2028.