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The Economic Times
The Economic Times

Govt approval mandatory for Adani stake transfer in Vizhinjam port: Kerala CM

Vizhinjam Kerala MSC Adani Ports V D Satheesan APSEZ Switzerland TIL

Kerala Chief Minister V D Satheesan on Wednesday said the state government will closely examine the proposed transfer of a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL), the concessionaire for Vizhinjam port, to Switzerland-based MSC, saying there can be no ownership change without the state's prior approval.

Replying to a special submission by Leader of the Opposition Pinarayi Vijayan in the Assembly, Satheesan said the government had learnt about the proposed transaction only through media reports and had not received any formal communication from Adani Ports and Special Economic Zone (APSEZ).

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