Adani Enterprises, a major company of the Adani Group, has informed that its subsidiary's joint venture (JV) unit April Moon Retail has acquired 74 per cent stake in Cococart Ventures for Rs 200 crore. The company said in an exchange filing, "April Moon Retail Private Limited, a joint venture company of Adani Airport Holdings Limited, has entered into a Share Purchase Agreement, Joint Venture Agreement and Share Subscription Agreement dated September 27, 2024 with Cococart Ventures Private Limited and CVPL's existing shareholders Karan Ahuja and Arjun Ahuja to acquire shares in CVPL to acquire 74 per cent stake in CVPL."

It has been said that the turnover of CVPL for the financial year 2022-23 of Cococart Ventures Private Limited was Rs 99.63 crore. The filing said, "The Joint Venture Agreement has been executed to define the mutual rights and obligations of the existing shareholders of AMRPL and CVPL to operate CVPL as a joint venture company." Share performance On Friday, Adani Enterprises shares closed 0.48 per cent higher at Rs 3,137.65. In the last one year, the company's stock has seen a growth of 26.35 per cent.