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The Chief Minister stated the UDF government was unaware of the MSC-Adani deal until media reports, denying share transfers and affirming no agreement violation. He awaits a committee report and central government approval before considering the deal.
Adani's proposed 49% sale of Vizhinjam Port to MSC faces Kerala government and opposition scrutiny over transparency, monopoly concerns, and national security, requiring state approval.
Opposition leader Pinarayi Vijayan complained to SEBI alleging Adani Ports omitted mandatory Kerala government approval for a 49% stake sale in Vizhinjam Port, citing national security concerns.
Kerala's Chief Minister faces opposition allegations of misgovernance following Adani's proposed 49% stake sale in Vizhinjam Port.
Adani Ports' Vizhinjam port stake sale to MSC Group's terminal arm requires all approvals, including Kerala government consent, and is proceeding under SEBI regulations.
Kerala government approval is required for significant ownership changes in Adani Vizhinjam Port, as per the 2015 agreement, to prevent monopolistic practices.
Adani Ports aims for a 20-year concession extension by completing Vizhinjam Port by December 2028, a move facilitated by MSC investment and a supplementary agreement resolving prior delays.
MSC Group's TiL will acquire a 49% stake in Adani Vizhinjam Port Private Limited for approximately ₹132.28 billion, marking a significant foreign investment to enhance transshipment capabilities.
US prosecutors have dropped all criminal charges against Gautam and Sagar Adani, closing the case due to insufficient evidence. Civil matters with the SEC and Treasury also concluded, with settlements involving payments and cooperation.
Journalist Ravi Nair convicted of criminal defamation by a magistrate court in Mansa, Gandhinagar.
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