Vizhinjam port stake sale explained: Why Kerala objected to Adani-MSC deal
Adani Ports and SEZ (APSEZ) Ltd is moving to sell 49% of its stake in Kerala’s Vizhinjam port to Switzerland-based container shipping behemoth MSC Group for around $1.4 billion (more than Rs 13,000 crore). The state government, however, has said that it was kept in the dark about the development. According to the Congress-led government…