Adani Ports says MSC's TiL to invest $1.4 billion for 49% stake in Vizhinjam Port; shares gain over 1%

MSC's Terminal Investment Limited (TiL) will invest $1.4 billion for a 49% stake in Vizhinjam Port, India's first deep-draft mega transshipment hub, cementing it as a dominant Indian Ocean transshipment gateway. The partnership is expected to boost cargo volumes, strengthen East Africa trade routes, and expand the port's capacity from 1.6 million TEUs to 5.7 million TEUs by December 2028.