Kerala blocks $1.4 bn Vizhinjam stake sale to MSC until state nod
Adani Ports' plan to sell 49% of Vizhinjam International Seaport to MSC Group is stalled because Kerala’s chief minister says the state’s approval, required by the concession agreement, has not been obtained. The deal, valued at about $1.4 billion, cannot proceed until the government gives the nod, raising questions about the timeline for the port’s expansion.