No Exclusivity for MSC at Vizhinjam, Deal Subject to Kerala Govt Approval: Adani Ports
P. Rajeeve said the proposed 49% stake sale breaches the concession agreement and criticized the chief minister’s response as ambiguous.
5 Articles
5 Articles
No exclusivity for MSC at Vizhinjam, deal subject to Kerala govt approval: Adani Ports
Adani Ports' Vizhinjam port stake sale to MSC Group's terminal arm requires all approvals, including Kerala government consent, and is proceeding.Adani Ports stake sale, Vizhinjam port deal, Mediterranean Shipping Company, APSEZ, Kerala government approval, terminal investment limited, Vizhinjam International Seaport, port concession agreement, stakeholder objections, political storm Kerala, cargo operations, cruise operations, bunkering service…
Vijayan seeks SEBI, stock exchange intervention over Adani's proposed Vizhinjam port stake transfer
Opposition leader Pinarayi Vijayan has urged SEBI and stock exchanges to intervene in Adani Group's proposed 49% stake transfer in the Vizhinjam port project. Vijayan alleges the move violates the concession agreement with the Kerala government, which requires prior approval for such significant shareholding changes.
Kerala Says It Was Not Consulted on MSC’s $1.4 Billion Investment in Vizhinjam Port
Kerala Chief Minister V.D. Satheesan has said the state government was not consulted about MSC Group’s proposed $1.4 billion investment in the Vizhinjam Port, where the Swiss shipping giant plans to acquire a 49% stake in partnership with Adani Ports and Special Economic Zone. The investment, announced earlier this week, is expected to become the largest foreign private investment in India’s domestic port infrastructure. The chief minister said …
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