Adani Enterprises Limited has announced the establishment of a wholly owned subsidiary called Cococart International-FZCO in Dubai, UAE. This new entity was formed through its step-down subsidiary, Cococart Ventures Private Limited. The primary aim of this strategic move is to bolster Adani’s overseas trading capabilities, aligning with the business objectives of Cococart Ventures and potentially enhancing Adani Enterprises’ presence in international markets.

Adani Enterprises Limited is a significant player in various sectors, including energy, resources, logistics, and agribusiness. The company is recognized for its considerable contributions to infrastructure development and its commitment to sustainable growth. Currently, Adani Enterprises has faced a year-to-date price performance decline of 9.19%, with an average trading volume of 222,854 shares. As of now, the market capitalization stands at approximately 2,664.6 billion INR.