Adani Ports and Special Economic Zone Limited (APSEZL) has signed definitive documents whereby Mundi Limited (Mundi), a subsidiary of Terminal Investment Limited, the terminal arm of Mediterranean Shipping Company shall purchase and subscribe to shares constituting 49% stake in Adani Vizhinjam Port Private Limited (AVVPL) for USD 1.397 billion. AVPPL holds the concession to develop and operate the port at Vizhinjam in Kerala on a DBFOT basis (Project).
The transaction team was led by Surya Sreenivasan, Partner; with assistance from Yashaanki Kora, Senior Associate.
Team led by Dhruv Rajain and Vijay Pratap Singh Chauhan, Partners; with assistance from Rajat Sharma, Principal Associate; Vrinda Gundam, Senior Associate Designate; and Parth Mishra, Associate; advised on competition related aspects.
Paridhi Adani, Partner (Head – Ahmedabad); provided strategic inputs throughout the transaction.
