en.Wedoany.com Reported - Mediterranean Shipping Company (MSC) is ramping up its investment in India's rapidly growing container market, as its terminal subsidiary Terminal Investment Limited (TiL) has agreed to acquire a 49% stake in Adani Ports' Vizhinjam transshipment terminal for $1.4 billion. The deal values the Kerala-based port at approximately $2.85 billion, which the partners describe as the largest foreign private investment in Indian port infrastructure.

Under the agreement, Adani Ports & Special Economic Zone (APSEZ) will retain a controlling 51% stake, continue to manage the board, and consolidate Adani Vizhinjam Port Private Limited as a subsidiary. The transaction remains subject to regulatory approvals. The investment will be completed in two phases: TiL will first pay $539 million to acquire the equity, followed by an $858 million investment for its share of the terminal expansion project, which is scheduled for completion by the end of 2028.

Commissioned in December 2024, Vizhinjam Port is India's first purpose-built deep-water transshipment hub and has quickly become one of the country's fastest-growing container gateways. The terminal currently has an annual capacity of 1.6 million twenty-foot equivalent units (TEUs), which will increase to 5.7 million TEUs upon completion of the expansion. This deal solidifies the already close partnership between APSEZ and MSC, marking their third joint venture following collaborations at the Mundra and Ennore container terminals.