Stake sale deal in Vizhinjam port detrimental to public interest, says Kerala Leader of the Opposition Pinarayi Vijayan
In a letter to the Securities and Exchange Board of India on July 3, 2026, Pinarayi Viayan says under the Concession Agreement signed by the Kerala government and the AVPPL, the concessionaire shall not undertake or permit any Change in Ownership, except with the prior approval of the ‘Authority’ (Kerala government). Requesting the Securities and Exchange Board of India (SEBI) to examine whether the disclosure made by Adani Ports and Special Economic Zone Limited (APSEZ) in relation to the share purchase and subscription agreement concerning Adani Vizhinjam Port Private Limited (AVPPL) conforms to contractual and regulatory requirements, Leader of the Opposition in Kerala Assembly Pinarayi Vijayan has said that the proposed transaction, if allowed to go through, will be gravely detrimental to public interest in general and particularly to the people of Kerala. In the letter addressed to the SEBI chairperson on July 3, 2026, the former Chief Minister stated that under the Concession Agreement signed by the Kerala government and the AVPPL, the concessionaire for the development and operation of the Vizhinjam International Seaport, …


