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The Kerala government has indicated a green signal to Adani Ports stake sale

ICICIdirect Research 16 Jul 2026 DISCLAIMER

News: The Kerala government has indicated a green signal to Adani Ports stake sale in Vizhinjam Port to Mediterranean Shipping Company (MSC). The Kerala Government also said that it is acquiring additional land to provide supporting infrastructure, also the state is giving property for container stations. 

View: Post objection by the Kerala Government to safeguard it's interests, Adani Ports had clarified that it is following all protocols and procedures and expects all approvals. The clarification from the state reaffirms confidence to the group's contention and provides a sentimental positive to the stock in the near term. The Vizhinjam Port deal took place at a valuation of $2.8 billion (MSC to invest  $ 1.357 bn, ~₹12900 crore for 49% stake) at 15 times FY31E EV/EBITDA. Vizhinjam port has a capacity of 1.6 million TEUs and is undergoing expansion that will increase capacity 3.5x to 5.7 million TEUs.

Impact: Positive

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