Adani buys 30% in Trainman for Rs 3.5 cr

Adani Enterprises, the flagship firm of billionaire Gautam Adani’s group, has bought a close to 30 per cent stake in Start Enterprises Pvt Ltd, which owns the online train ticket booking platform Trainman.

Adani Enterprises last month announced that it has signed a pact to acquire 100 per cent of SEPL.

In a stock exchange filing on Saturday, Adani Enterprises said Adani Digital Labs Pvt Ltd, a wholly-owned subsidiary of the company, has bought a 29.81 per cent stake in SEPL for Rs 3.56 crore.

SEPL had a turnover of Rs 4.51 crore in 2022-23 (April 2022 to March 2023) fiscal year.