Equity Snap: Adani Ports and SEZ (ADSEZ IN) MSC acquiring 49% stake in Vizhinjam Port for USD1.4bn

Research evidence excerpt

Equity Snap: Adani Ports and SEZ (ADSEZ IN) MSC acquiring 49% stake in Vizhinjam Port for USD1.4bn

30 June 2026

Equity Snap: Adani Ports and Equities Transportation Infrastructure

SEZ (ADSEZ IN)

MSC acquiring 49% stake in Vizhinjam Port for

USD1.4bn India

◆ MSC’s terminal arm to buy 49% stake in Vizhinjam Port, Parash Jain*

valuing the asset at USD2.85bn Global Head of Transport & Logistics Research The Hongkong and Shanghai Banking Corporation Limited

parashjain@hsbc.com.hk

◆ Helps ADSEZ to secure one the largest upcoming capacity +852 2996 6717

(over 4m TEU) Deepak Maurya*, CFA

Analyst, Asia Transport

The Hongkong and Shanghai Banking Corporation Limited

deepakmaurya@hsbc.com.hk

Adani Ports and SEZ (ADSEZ IN, INR1776.10, Buy, TP INR1950.00) +852 2822 4292

(Priced as of 29 Jun 2026)

Bruce Chu*, CFA

On 29 June 2026, ADSEZ signed a definitive Share Purchase and Subscription The Hongkong and Shanghai Banking Corporation Limited

Agreement with Terminal Investment Limited (TiL), the terminal arm of Mediterranean bruce.y.h.chu@hsbc.com.hk

+852 2996 6621

Shipping Company (MSC), in which TiL will invest to acquire an indirect 49% interest

in Adani Vizhinjam Port Private Limited (AVPPL), while ADSEZ retains 51%, majority

* Employed by a non-US affiliate of HSBC Securities (USA) Inc, and is

board control, and will continue to consolidate AVPPL. The transaction is the single not registered/ qualified pursuant to FINRA regulations

largest foreign private investment in Indian port infrastructure and is intended to

accelerate Vizhinjam’s ramp-up through improved volume visibility and incremental

cargo commitments. We spoke with the company.

Total deal value for AVPPL is USD2.85bn with TiL investing USD1.397bn (49%