Corporate News
CCME Global Limited is expanding its presence in the Middle East and Africa through the acquisition of stakes in Cash & Carry Middle East FZCO (CCME UAE) and Cash & Carry Middle East FZCO, both based in Dubai, United Arab Emirates, and engaged in FMCG trading and distribution. The company acquired a 45% stake in CCME UAE for 11,25,00,000 shares of CCME Global Limited, valued at INR 112.50 crore, while also acquiring 2,25,000 shares of CCME UAE for the same value. These transactions, classified as related party transactions due to the involvement of CCME Global Limited’s directors and promoters, were valued by Independent Registered Valuer and Akasam Consulting Private Limited. As of June 30, 2026, CCME UAE reported a turnover of AED 6,90,25,527 and a net profit of AED 43,98,509; shareholder and audit committee approvals have been obtained, with FEMA filings still required.