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Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday signed a definitive agreement with Mundi Limited, which operates as a unit of the Mediterranean Shipping Company (MSC) Group. Under the terms of this newly finalized pact, MSC’s specialized terminal investment arm, Terminal Investment Limited (TiL), will acquire a 49% stake in Adani Vizhinjam Port Private Limited (AVPPL).
The transaction is valued at an aggregate investment of $1.397 billion from TiL into the Adani Group entity. This strategic financial infusion marks a significant partnership between India's largest private port operator and one of the world's leading global container shipping lines at the Vizhinjam facility.
The agreement solidifies the operational and financial collaboration between APSEZ and the MSC Group unit for the development and management of the transshipment port project. Following the stake sale, APSEZ will continue to hold the remaining controlling interest in Adani Vizhinjam Port Private Limited.