The Kerala government has approached the Securities and Exchange Board of India (SEBI) over the proposed transfer of Adani Ports and Special Economic Zone‘s stake in the Vizhinjam International Seaport project.
Chief Minister Pinarayi Vijayan has sought regulatory clarity on whether the transaction complies with the concession agreement signed with the state. The government maintains that the move is aimed at safeguarding Kerala’s interests and ensuring contractual obligations are upheld.
While the issue has sparked political debate, industry observers believe the dispute is unlikely to significantly impact the port’s ongoing operations or future expansion plans.