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Adani Ports To Sell Stake In Kerala Port To MSC Group At USD 1.4 Billion

Adani Ports To Sell Stake In Kerala Port To MSC Group At USD 1.4 Billion

Adani Ports and Special Economic Zone Ltd. will sell 49 per cent of its stake in its Vizhinjam port project in Kerala to Mediterranean Shipping Co. (MSC) Group’s arm Terminal Investment Ltd. (TiL) for $1.4 billion. The Vizhinjam port project will be valued at around $2.85 billion after the deal with the largest foreign private investment in India's port infrastructure sector

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