Adani Enterprises Limited has made the announcement of the incorporation of a new wholly-owned subsidiary, Cococart International-FZCO, in Dubai, UAE on March 21, 2025. This strategic addition further reinforces Adani's footprints in the Middle East and fortifies its international operations.
Main points:
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Cococart International-FZCO registered as a wholly-owned subsidiary in Dubai
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Comes after recent acquisition and expansion in the UAE, including Celeritas International FZCO
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Fits into Adani's overall strategy to diversify outside core infrastructure and energy businesses
Complements the group's increasing retail and F&B stakes, such as the recent acquisition of Cococart Ventures in India
This new addition comes as Adani Enterprises is pushing its aggressive international expansion, with a projected capex of ₹80,000 crore in the current fiscal year. The step is likely to consolidate Adani's foothold in global markets and help it diversify into new sectors.
Sources: Adani Enterprises Regulatory Filing, NSE Archives, March 21, 2025