Adani Ports & Special Economic Zone Ltd (NSE:ADANIPORTS) sold 49% of Vizhinjam to Terminal Investment Ltd valuing it at $2.85B with TiL funding ~$1.4B while keeping 51%, reported June throughput up 13% to 46.8Mt; Kerala says it wasn’t consulted and will review concession approval, and Adani signed an undisclosed pact with Mundi.
Previous Week Recap
- Adani Ports Sells Stake To TiL: Adani Ports sold 49% of Vizhinjam International Seaport to Terminal Investment Ltd valuing the port at $2.85B. TiL to invest ~$1.4B in two tranches to fund capex through 2028; Adani keeps 51%.
- Adani Ports Throughput Rises 13%: June 2026: Adani Ports (ADANIPORTS) handled 46.8 million tonnes of cargo, up 13% year‑over‑year — reported monthly operational throughput relevant to traders.
- Kerala Didn't Consult Vizhinjam Deal: Kerala says it wasn’t consulted on MSC Group’s $1.4B Vizhinjam deal with Adani Ports. Any change in concessionaire ownership needs state approval and will be reviewed under the concession terms.
- Adani Ports Signs With Mundi: Adani Ports (ADANIPORTS) signed an agreement with Mundi Limited. No deal value, scope, dates, or operational terms disclosed. Traders: corporate action noted; no quantitative details provided.
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