CORPORATE
APSEZ inks deal to sell 49% in Vizhinjam; sees tie-up boosting port’s business
- IBJ Bureau
- Jul 01, 2026
Adani Ports and Special Economic Zone (APSEZ) has announced that it has entered into a definitive agreement with Terminal Investment (TiL), the container terminal operating and investing arm of the MSC Group, for sale of a 49 per cent stake in Adani Vizhinjam Port (AVPPL).
According to a stock exchange filing, TiL will invest $1.397 billion, representing its proportionate 49 per cent share of the port’s $2.85-billion enterprise value.
The transaction is subject to customary approvals, including regulatory clearances.
Commenting on the transaction, Ashwani Gupta, the whole-time director and CEO of APSEZ, has said: “Vizhinjam port has emerged as a premier transshipment hub and ramped up at an unprecedented pace, becoming the first Indian port to earn the unique distinction of crossing 2 million twenty-foot equivalent units (teus) within 18 months of operations.”
He further adds: “I am delighted to expand APSEZ’s long-standing partnership with MSC to Vizhinjam, as we prepare for the port’s next leg of journey. I am confident that our association will deliver enhanced supply chain efficiencies at a global scale and improve India’s access to key global mature and developing markets.”
The company has said that the strategic collaboration is expected to deliver enhanced cargo volumes, improve visibility of volume, strengthen its presence on East Africa trade routes, increase Bangladesh cargo handled through the port and boost relay cargo volumes.
Commissioned in December 2024, Vizhinjam is India’s first deep-draft mega transshipment port with an annual handling capacity of 1.6 million teus.
The port is being expanded to 5.7 million teys by December 2028
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