The Hindu·4 min read·hard
Vizhinjam port stake sale: Adani yet to approach Centre
D
Dhinesh Kallungal
✦AI Summary
The Adani Group has not yet sought central government clearance for its proposed 49% stake sale in the Vizhinjam International Seaport to Terminal Investment Ltd. The Kerala government is currently reviewing the proposal to determine if it aligns with state interests.
Over a month after the announcement of the Adani Group’s proposed sale of a 49% stake in Adani Vizhinjam Port Private Ltd. (AVPPL) to Terminal Investment Ltd. (TiL), the port arm of MSC Group, the port concessionaire has not yet approached the Centre seeking central clearances, including security clearance.
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