30-Jun-2026 10:50:40
Adani Ports to Sell 49% Stake in Vizhinjam Port for $1.4 Billion
Adani Ports and Special Economic Zone said global terminal operator Terminal Investment Limited (TiL) will invest $1.4 billion to acquire a 49% stake in the Vizhinjam International Seaport. The deal values the port at nearly $2.9 billion and marks one of the largest foreign investments in India's port sector. The strategic partnership aims to accelerate the development of Vizhinjam as a major transshipment hub, leveraging TiL's global shipping network and operational expertise to boost cargo volumes and international connectivity.