Adani Group to sell stake in Indian port to giant MSC for $1.4B

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The Adani Group announced it will sell a 49% stake in its deep-water transshipment port in southern India to MSC for $1.4 billion. This deal signifies a major transaction in the maritime shipping and logistics sector.

Indian conglomerate Adani Group announced Tuesday that shipping giant MSC will acquire a 49% stake in its deep-water transshipment port in southern India for $1.4 billion. The pur...