Adani Ports and Special Economic Zone Ltd agreed to sell a 49% stake in its Vizhinjam transshipment port in Kerala to Terminal Investment Ltd, a unit of Mediterranean Shipping Co (MSC), for $1.4 billion. The deal includes an initial payment of $539 million, with an additional $858 million to be paid by December 2028, according to livemint.com.
The transaction involves Terminal Investment Ltd acquiring its stake in Adani Vizhinjam Port Pvt. Ltd (AVPPL), a wholly owned subsidiary of Adani Ports. The additional $858 million will cover MSC's share of costs for expanding the port's capacity to $1.75 billion. This partnership aims to enhance cargo volume visibility and accelerate traffic growth at the Vizhinjam port.
This deal marks a significant investment in India's maritime infrastructure, positioning Vizhinjam as a global transshipment hub. It reflects growing interest from global shipping majors in Indian ports, aligning with the country's push to boost port capacity and logistics efficiency. The partnership could increase competition with other regional ports and attract higher shipping traffic volumes.
The $1.4 billion deal was announced on June 30, 2026, and is expected to strengthen Vizhinjam's role in global shipping networks. The additional investment by MSC's unit is scheduled for completion by December 2028, supporting the port's planned capacity expansion.