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Adani Enterprises' subsidiary, Adani Digital Limited, announces its plans to acquire Trainman, an online train booking platform, to expand its digital offerings.
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As part of the deal, Adani Group will acquire a 'significant' minority stake in Cleartrip. The deal is expected to close in November, subject to customary closing conditions.
The deal is expected to close in November 2021, subject to customary closing conditions.
Flipkart informed that the investment would further their strategic partnership with the Adani Group in the digital space. As part of the investment, Cleartrip would now serve as the Adani Group's online travel agency.