MSC pays $1.4bn for 49% stake in Adani’s Vizhinjam port

The transaction values the Kerala port at approximately $2.85bn and is being billed by the partners as the largest foreign private investment in Indian port infrastructure.   Adani Ports & Special Economic Zone (APSEZ) will retain a controlling 51% stake, continue to manage the board and consolidate Adani Vizhinjam Port Private Limited as a subsidiary. The deal remains subject to regulatory approvals. The investment will be completed in two phases. TiL will initially pay $539m for its equity stake, before investing a further $858m towards its share of the terminal’s ongoing expansion programme, which is scheduled for completion by the end of 2028.    Commissioned in December 2024, Vizhinjam is India’s first purpose-built deep-draft transhipment port and has rapidly established itself as one of the country’s fastest-growing container gateways. The terminal currently has annual capacity of 1.6m teu, which will increase to 5.7m teu once expansion works are completed.      The deal strengthens an already close relationship between APSEZ and MSC. It is the third joint venture between the companies following collaborations at the Mundra and Ennore container terminals.