** Shares of Adani Ports and Special Economic Zone APSE.NS rise 3.4% to a record high of 1,872 rupees

** Co said on Tuesday that Terminal Investment, a unit of Switzerland's MSC Group, would acquire a 49% stake in its Vizhinjam port for $1.4 billion

** Deal represents single largest foreign private investment in Indian port infra; strategic partnership enhances cargo visibility for Vizhinjam port, says Nomura

** Jefferies notes that Terminal Investment also holds significant stakes in APSE's Mundra Port and Ennore Container Terminal

** Emkay says Vizhinjam well-positioned to capture transshipment opportunity in Asia-Middle East corridor and deal will unlock volume levers

** APSE rated "buy" on avg by 25 analysts; median PT is 1900 rupees - LSEG data

** YTD, APSE up 27.3%