Ahmedabad, June 30 -- Adani Ports and Special Economic Zone Limited (APSEZ) and Mediterranean Shipping Company (MSC) Group's terminal arm, Terminal Investment Limited (TiL), have entered into a definitive agreement under which TiL will acquire a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL), the concessionaire of Vizhinjam port.

Under the agreement, TiL will invest USD 1.397 billion, equivalent to its proportionate 49 per cent share of the port's enterprise value of USD 2.85 billion. The transaction is subject to customary approvals, including regulatory clearances.

The companies said the partnership marks the single largest foreign private investment in Indian port infrastructure and further strengthens Vizhinjam po...