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The Economic Times
The Economic Times

Vijayan seeks SEBI, stock exchange intervention over Adani's proposed Vizhinjam port stake transfer

Kannur (Kerala): Leader of the Opposition Pinarayi Vijayan on Saturday said he has written to the SEBI and the stock exchanges seeking intervention into the Adani Group's proposed transfer of a 49 per cent stake in the Vizhinjam port project, alleging that the move violated the concession agreement with the Kerala government.

Recently, Adani Ports and Special Economic Zone (APSEZ) announced that Mediterranean Shipping Company (MSC) would acquire a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL) for about USD 1.4 billion.

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