Mumbai, June 30 -- Adani Ports and Special Economic Zone Ltd, the cash cow of the Adani Group, on Tuesday said it has agreed to sell 49% stake in its transshipment port at Vizhinjam in Kerala in a $1.4 billion ( Rs.13,225 crore) deal to global shipping major Mediterranean Shipping Co (MSC).

Terminal Investment Ltd, a unit of MSC, will pay $539 million for a 49% stake in Adani Vizhinjam Port Pvt. Ltd . (AVPPL), a 100% subsidiary of Adani Ports. The investor will pay an additional $858 million by December 2028 as its share of the costs for a $1.75 billion capacity expansion project at the port, an Adani Ports release said.

The port's capacity is being expanded to 4.1 million standard containers a year from 1.6 million at present, with eve...