Stake sale at Vizhinjam: empowered panel may take 3-4 months to submit its report
An empowered committee is reviewing a controversial 49% stake sale in Adani Vizhinjam Port Private Ltd. to Terminal Investment Ltd. The state government is proceeding cautiously to ensure compliance with concession agreements and national security interests.
It has been around two weeks since the Cabinet directed the empowered committee to study the proposed 49% stake sale in Adani Vizhinjam Port Private Ltd. (AVPPL), the concessionaire operating the Vizhinjam deep-water transshipment port, to Terminal Investment Ltd. (TiL), the port operating arm of the Mediterranean Shipping Company (MSC) Group. However, the committee, headed by the Chief Secretary, has yet to examine the nuances of the stake sale or complete the exercise.
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