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Conveyed displeasure to Adani Ports on Vizhinjam stake sale: Kerala CM
Kerala's Chief Minister has expressed strong disapproval to Adani Ports regarding a significant stake sale in the Vizhinjam International Port without state government consent. Opposition leader Pinarayi Vijayan also questioned the legality of the deal, citing the concession agreement which mandates prior approval for shareholding changes exceeding 25%. The controversy erupts following Adani Group's announcement of a 49% stake sale to Switzerland-based Terminal Investment Ltd.
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economictimes.indiatimes.com
Adani Ports to sell 49% stake in Vizhinjam port to MSC's TiL for $1.4 billion
Adani Ports and Special Economic Zone will sell a 49% stake in Adani Vizhinjam Port to MSC Group's Terminal Investment Ltd. for $1.397 billion, valuing the Kerala port at $2.85…
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thehindubusinessline.com
Govt approval mandatory for Adani stake transfer in Vizhinjam port: Kerala CM
Kerala CM states Adani must secure government approval for MSC's 49% stake acquisition in Vizhinjam port.
