Industrialist Gautam Adani can now make a splash in the railway sector as well. At present, after becoming the country's largest port and airport operator company, now Adani Enterprises, the flagship company of Adani Group, is going to make a big investment in this segment. This big start of Adani Group's coinage in the railway sector can be done by online railway ticket booking.
Actually Adani Group is going to buy 100 percent stake of Stark Enterprises. This company operates the Trainman platform for online train ticket booking . Government company IRCTC has monopoly in online train ticket booking, but many travel and tour operators, utility websites also provide ticket booking service from their page.
Trainman will be part of adani digital lab
After the acquisition, Trainman will be a part of 'Adani Digital Lab' of Adani Group. It is a subsidiary company of Adani Enterprises. According to the information given to the stock market, the company has entered into a share purchase agreement to buy 100 percent stake in Stark Enterprises. However, no clear talk has been done by the company regarding the size of this deal.
Adani Digital Lab is the future business plan of Adani Group. Inside this lab, the company works like app designing, user interface design, SEO, research and analysis. At the same time, work is also being done on the company's 'Adani One' super app in this lab.
'Trainman' does business from Gurugram
The Trainman platform by Stark Enterprises is an online train ticket booking platform authorized by IRCTC. It was started by Vineet Chiraniya and Karan Kumar, passouts from IIT Roorkee. The company currently operates from Gurugram. Recently, Stark Enterprises has raised a fund of $ 1 million from American investors.
On the other hand, after the report of Hindenburg Research in January, this is the first major merger event done by Adani Group. Adani Group is strengthening its position in the digital space on the basis of merger and acquisition.
No comments:
Post a Comment