Adani Group’s flagship Adani Enterprises Limited (AEL) on Friday announced its plans to acquire an online train booking and information platform Trainman.
In a regulatory filing, AEL informed that its wholly-owned subsidiary, “Adani Digital Labs Private Limited has signed a share purchase agreement in relation to its proposed acquisition of 100 per cent stake in Stark Enterprises Private Limited (SEPL), also known as Trainman, an online train booking and information platform.”
SEPL is a Gurugram-based train ticket booking start up founded by IIT Roorkee graduates Vineet Chirania and Karan Kumar. The company had recently raised $1 million in a latest round of fund raising from a group of US investors including Goodwater Capital, Hem Angels and others.
Adani Enterprises shares ended at ₹2,506.65 on BSE Friday, marginally up by 0.86 per cent from previous close.
