Adani Enterprises Ltd revealed on Friday, September 27, that it will buy a 74% share in Cococart Ventures Private Ltd (CVPL) from April Moon Retail Private Ltd (AMRPL), a joint venture of its step-down company Adani Airport Holdings Ltd (AAHL).
The acquisition, set at a total consideration of ₹200 crore, will be completed through a combination of share purchase and subscription agreements. This strategic acquisition was formalised through a share purchase agreement (SPA), share subscription agreement (SSA), and joint venture agreement (JVA) signed on September 27, 2024.
