The Hindu·3 min read·medium
Adani-MSC deal: State govt. cautious as APSEZ clarifies stance in second letter
D
Dhinesh Kallungal
✦AI Summary
Adani Ports is clarifying its proposed 49% stake sale in the Vizhinjam port to the Mediterranean Shipping Company following concerns from the Kerala state government. Officials are scrutinizing the deal to ensure it does not grant the shipping giant a monopoly or compromise the state's control over port assets.
The Adani Ports and Special Economic Zone Limited (APSEZ) has written a second letter to the State government, seeking to clarify its position on the proposed deal to sell 49% stake in the Vizhinjam port to the Switzerland-based Mediterranean Shipping Company (MSC).
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