Rattan India Enterprises Limited has announced the launch of Cocoblu Global Retail in the United Arab Emirates, marking a significant expansion into the Gulf region's digital retail market. The venture represents a strategic partnership with noon, the region's leading e-commerce platform, designed to capitalize on the rapidly growing digital commerce opportunities in the Gulf.

Strategic Partnership Framework

The partnership operates under a hybrid model that combines noon's robust marketplace operations with Cocoblu's deep sourcing capabilities. This collaboration enables Cocoblu Global Retail to access noon's established infrastructure and customer base across the Gulf region while maintaining operational flexibility within noon's retail and marketplace ecosystem.

Product Portfolio and Market Approach

Cocoblu Global Retail will offer a curated selection of products across multiple retail categories to Gulf region customers through the noon platform. The initial product assortment spans several key segments:

• Home and lifestyle products
• Toys and recreational items
• Sports and fitness equipment
• Electronics and technology products

The venture plans to continuously expand its product range as it builds depth and breadth across multiple retail segments, aligning with evolving market demands and consumer preferences in the region.

Market Opportunity and Strategic Vision

According to company projections, the Gulf region's e-commerce sector is expected to cross USD 50.00 billion within this decade, representing one of the world's most dynamic and fast-growing digital retail markets. Mrs. Anjali Rattan, Chairperson of Rattan India Enterprises Limited, emphasized the significance of this expansion: "The launch of Cocoblu Global Retail marks an important milestone in our global e-commerce journey. This expansion builds on Cocoblu's highly successful operations in India, where our marketplace-led retail model has scaled rapidly across categories and leading brands."

Technology and Infrastructure Advantages

The partnership leverages noon's comprehensive digital infrastructure, including platform technology, logistics capabilities, and extensive regional reach connecting brands with millions of consumers across the Gulf. Raman Kumar, CEO of core e-commerce at noon, highlighted the collaboration's strategic value: "Cocoblu Global Retail joining our platform reinforces noon's commitment to growing a vibrant, future-ready retail ecosystem."

Corporate Background and Market Position

Rattan India Enterprises Limited operates as the growth platform for Rattan India Group's new-age businesses, encompassing electric mobility through Revolt Motors, e-commerce via Cocoblu Retail, lifestyle brands under Neobrands, and drone technology through Neosky. The company holds a position in the Fortune India 500 list (436th in 2024) and maintains a market capitalization exceeding ₹7,000.00 crores.

The establishment of Cocoblu Global Retail reinforces the company's commitment to building next-generation digital ventures while strengthening trade and commercial linkages between India and the Gulf region. With its focus on retail excellence, supply-chain agility, and marketplace-driven growth, the venture positions itself to serve the evolving needs of Gulf region consumers while creating opportunities for brand expansion and market development.

Rattan India Enterprises Limited has approved the grant of 54 lakh stock options under its Employee Stock Option Plan (ESOP) 2022, while simultaneously cancelling 51 lakh previously granted options. This decision was made by the Nomination and Remuneration Committee during its meeting.

ESOP Grant Details

The company's latest ESOP allocation demonstrates its commitment to employee retention and motivation through equity participation. The grant covers a substantial number of shares and follows regulatory compliance requirements.

The exercise price of ₹40.18 per share was determined based on the closing price on the National Stock Exchange of India Limited.

Option Cancellation

Concurrently with the new grant, Rattan India Enterprises cancelled 51 lakh stock options that were previously granted. These options were surrendered by eligible employees and will now be available for re-grant or re-issue under the ESOP scheme.

Regulatory Compliance

The ESOP grant maintains full compliance with securities regulations and disclosure requirements. The company has fulfilled its obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The scheme operates under the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring proper governance and transparency in employee stock option administration.