Thiruvananthapuram: Chief minister V D Satheesan on Friday reiterated that state govt hadn’t granted any approval or taken any decision permitting the proposed transfer of shares in Adani Vizhinjam Port Pvt Ltd to MSC Group.While responding to a letter from opposition leader Pinarayi Vijayan over the issue, Satheesan said Clause 5.3 of concession agreement signed…
A vessel at Vizhinjam port Thiruvananthapuram: The concern that Vizhinjam port will turn into a monopoly of Mediterranean Shipping Company (MSC) due to the company’s Rs 13,000-crore investment is misplaced because the port will remain a common utility like Adani Ennore Port.MSC Group’s subsidiary Terminal Investment Ltd (TIL) bought a 49% stake in Adani Ennore…
Thiruvananthapuram: Adani Ports and SEZ (APSEZ) CEO Ashwani Gupta has said that Adani Ports will continue to control the Vizhinjam port after the share transfer involving MSC Group is completed. Adani Group will retain the majority stake, he said in a statement.MSC Group’s subsidiary, Terminal Investment Ltd (TiL), has entered into a definitive agreement with…
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…
T’puram: Adani Ports and SEZ Ltd will submit a detailed letter to state govt explaining the terms and conditions under which MSC Group acquired a 49% stake in Adani Vizhinjam Port Ltd. The Switzerland-based company, through its port operating and terminal management subsidiary TIL, had acquired a 49% stake in Adani Vizhinjam Port Pvt Ltd…
