# Adani Group Told Keralam in Advance of 49% Vizhinjam Port Stake Sale to MSC Group, Assembly Records Show > Adani Vizhinjam Port applied to Keralam for prior approval of a 49% stake transfer to MSC Group, a $1.4 billion deal announced on June 30. - Published: 2026-10-17T08:48:38+00:00 - Section: Divestitures - Author: News Desk - URL: https://newsforagent.com/news/2026-10-17/adani-vizhinjam-port-stake-sale-msc - Source: [The Hindu](https://www.thehindu.com/news/national/kerala/vizhinjam-port-stake-sale-keralam-assembly-records-contradict-states-claim-of-being-kept-in-the-dark/article71595602.ece) ## Key takeaways - Adani Vizhinjam Port Private Limited applied to the Keralam government for prior approval to transfer its existing 49% equity stake. - Adani Ports and Special Economic Zone announced MSC Group's acquisition of a 49% stake in the Vizhinjam port for $1.4 billion on June 30. - Chief Minister V. D. Satheesan said the application is being examined by an Empowered Committee chaired by the Chief Secretary. Adani Vizhinjam Port Private Limited has applied to the Keralam government for prior approval to transfer its existing 49% equity stake, Assembly records show, after [Adani Ports](https://akta.pro/company-profiles/0000gws/adani-ports) and Special Economic Zone announced [MSC Group](https://akta.pro/company-profiles/000dxc5/msc-group)'s acquisition of a 49% stake in the Vizhinjam port for $1.4 billion on June 30. [The Hindu](https://www.thehindu.com/news/national/kerala/vizhinjam-port-stake-sale-keralam-assembly-records-contradict-states-claim-of-being-kept-in-the-dark/article71595602.ece) reported the records. ## Adani Vizhinjam Port's 49% Stake Transfer Application Chief Minister V. D. Satheesan told the Assembly that AVPPL, the concessionaire for the development and operation of the Vizhinjam International Seaport, submitted the application to the Government of Keralam, the concessioning authority, in line with the concession agreement. Under that agreement, any change in ownership from a transfer of shares in the concessionaire requires the concessioning authority's prior approval. The proposal, along with related information and other matters within the concession agreement's scope, is being examined by an Empowered Committee chaired by the Chief Secretary, Satheesan said. Further action will follow the committee's recommendations and report after a comprehensive review. CPI(M) legislators G. Stephen, V. K. Sanoj, Xavier Chittilappilly and K. V. Sumesh asked through an unstarred question whether the [Adani Group](https://akta.pro/company-profiles/0002liw/adani-group) moved to sell its shares in the Vizhinjam port company without prior government approval. Satheesan replied "no". Adani Ports and Special Economic Zone described the MSC Group deal as the largest foreign private investment in domestic port infrastructure in India. After the announcement, Satheesan, who oversees the Ports portfolio, told the Assembly the government was neither consulted nor notified before the transaction was finalised, and said he learnt of the developments through the media. The Adani Group moved its application seeking the State's consent four days after the public disclosure and the controversy that followed. ## Adani Group's Deal Record According to akta.pro [company records](https://akta.pro/company-data), the Adani Group acquired Jaiprakash Associates Limited through NCLT-approved insolvency proceedings on June 17, 2026, for Rs 14,535 crore, expanding its cement, real estate and construction materials footprint while extinguishing existing shareholder equity. The same records show consolidated revenue of Rs 2.92 lakh crore for FY26, up 7.4% year on year, and profit after tax of Rs 46,376 crore, up 13.9%. ## Adani Group Moves Before the Vizhinjam Sale On October 13, 2026, the Adani Group deferred its plan to shift 30% of Mumbai's international flight slots to Navi Mumbai, with no transfers for the winter schedule and the shift postponed to the summer schedule starting March 28, 2027, after a consultative meeting with airlines, The Hindu reported. On October 8, 2026, the group's CFO said it aims to deploy nearly $100 billion annually by 2033, up from ₹2 lakh crore this year, BusinessLine reported. ## MSC Group's Valencia Terminal Project On October 5, 2026, MSC presented its final project for a container megaterminal in Valencia's northern port expansion, committing €1.656 billion, a 63% increase from 2019, Eleconomista reported. ## Companies in this story - [Adani Group company profile](https://akta.pro/company-profiles/0002liw/adani-group) · website: https://www.adani.com - [MSC Group company profile](https://akta.pro/company-profiles/000dxc5/msc-group) · website: https://www.mscgroup.com - [Adani Ports company profile](https://akta.pro/company-profiles/0000gws/adani-ports) · website: https://www.adaniports.com --- News for Agent · https://newsforagent.com/llms.txt