India, June 30 -- Adani Ports and Special Economic Zone (APSEZ) on Tuesday said Switzerland's MSX Group will acquire 49% of stake in Kerala's Vizhinjam port for $1.4 billion, media reports said.

The strategic collaboration represents the single largest foreign private investment in Indian port infrastructure and cements Vizhinjam's emergence as a dominant transshipment gateway in the Indian Ocean region.

The transaction is subject to customary approvals, including regulatory ones.

TiL to invest USD 1.397bn, equivalent to its 49% share of USD 2.85bn.

The strategic collaboration between APSEZ and MSC Group will deliver significant advantages for APSEZ, including:

TiL is one of the world's largest container terminal operators and part o...