Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, Thiruvananthapuram, 02nd July, 2026: Kerala Chief Minister V. D. Satheesan on Thursday expressed the state government's displeasure to Adani Ports and Special Economic Zone (APSEZ) over its announcement of transferring a 49 per cent stake in Vizhinjam port to Switzerland-based shipping major Mediterranean Shipping Company (MSC) without informing the state government.
According to a statement issued by the Chief Minister's Office, Satheesan conveyed the government's concerns to APSEZ after the company announced on Tuesday that MSC would acquire a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL) for approximately USD 1.4 billion.
The Chief Minister's Office stated that any change in the shareholding structure of AVPPL, the concessionaire for the Vizhinjam port project, requires the prior approval of the Kerala government.
The state government has maintained that the concession agreement governing the strategically important port mandates its approval before any alteration in the ownership structure of the concessionaire.