Announced Tue, 30 Jun · 08:02 IST
APSEZ sells 49% in Vizhinjam port to MSC arm TiL for USD 2.85bn deal
ADANIPORTS · price
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Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹1781.60
prior close
₹1786.90
base price
After-mkt
timing
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+0.2-0.1-0.2+0.2+3.5+5.6+5.1+4.5+2.8+1.1+3.6———
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AI summary
On June 29, 2026, APSEZ signed an agreement with Mundi Limited (TiL, MSC's terminal arm) for 49% in Vizhinjam port (AVPPL) at a USD 2.85bn valuation. TiL invests USD 1.397bn in two parts: USD 539mn now and USD 858mn for expansion by Dec 2028. APSEZ retains 51% and consolidates AVPPL. This is the largest foreign private investment in Indian ports and APSEZ's 3rd partnership with TiL. AVPPL had Rs 843 crore income in FY26. Subject to regulatory approvals.
Likely market impact
Brings a global shipping giant as partner and unlocks USD 1.4bn cash, while APSEZ retains majority control of Vizhinjam port.