Mumbai, 27th September: April Moon Retail Private Limited (AMRPL) a joint venture company of Adani Airport Holdings Limited (AAHL) has struck an agreement to acquire a 74 percent stake in omnichannel travel retailer Cococart Ventures Private Limited (CVPL) for Rs 200 Crore (US$24 million), a key player in India’s retail market.
The acquisition was conducted through the execution of a Share Purchase Agreement (SPA), Joint Venture Agreement (JVA), and Share Subscription Agreement (SSA), all completed on September 27, 2024. These agreements will allow AMRPL to purchase 36.96% of CVPL’s equity shares through the SPA and subscribe to 37.04% through the SSA.
