The Kerala state government has referred the proposal for Adani Group to sell a stake in its Vizhinjam International Seaport to the state law department for legal vetting.
The move signals heightened regulatory scrutiny over the transaction, which involves a strategic partnership with Mediterranean Shipping Company (MSC).
Following the legal review, the proposal will be examined by a high-level committee before any final decision is made.
This development introduces a new layer of political and regulatory risk to one of India’s most significant infrastructure projects.
The Vizhinjam port, located in Kerala, is designed to become a major transshipment hub in the Indian Ocean, competing with established centers like Colombo and Singapore.
Any delay or complication in the stake sale could impact the project’s timeline and financing structure, potentially affecting broader supply chain dynamics in the region.