MSC pays $1.4bn for 49% stake in Adani's Vizhinjam port

MSC's Terminal Investment Limited (TiL) has agreed to acquire a 49% stake in Adani Ports' Vizhinjam transhipment terminal in India for $1.4bn, marking the largest foreign private investment in Indian port infrastructure. The deal includes an expansion programme set to increase the terminal's annual capacity from 1.6m TEU to 5.7m TEU by end of 2028, significantly boosting the port's role as a major transhipment hub.