📷 Image: Wikimedia Commons / Ganesh Mohan T
Business
Kerala CM Flags Adani Ports' Vizhinjam Stake Sale as Unauthorised
✍️ The Economic Times
🗓 03 Jul 2026, 05:31 AM
👁 49
Kerala Chief Minister has expressed dissatisfaction to Adani Ports regarding a stake sale in the Vizhinjam project, stating it was conducted without necessary permissions.
The Chief Minister of Kerala has communicated his displeasure to Adani Ports concerning a recent stake sale related to the Vizhinjam project. According to the Chief Minister's statement, the transaction was carried out without obtaining the requisite permissions.
This development highlights a potential disagreement between the state government and Adani Ports over the management and operational decisions of the Vizhinjam port. The Chief Minister's stance indicates that such significant corporate actions require prior consultation and approval from the state administration.
Further details on the specific stake sold and the parties involved in the transaction have not been disclosed. The communication of displeasure suggests the Kerala government may seek further clarification or action from Adani Ports regarding the unauthorized stake sale.
This development highlights a potential disagreement between the state government and Adani Ports over the management and operational decisions of the Vizhinjam port. The Chief Minister's stance indicates that such significant corporate actions require prior consultation and approval from the state administration.
Further details on the specific stake sold and the parties involved in the transaction have not been disclosed. The communication of displeasure suggests the Kerala government may seek further clarification or action from Adani Ports regarding the unauthorized stake sale.