Explain that Trainman is an online train ticket booking platform. At the same time, Adani Enterprises will acquire this company through Adani Digital Labs Private Limited.
Adani Enterprises, the flagship company of businessman Gautam Adani Group, is now preparing to sell online train tickets. Indeed, Adani Enterprises has informed the Indian stock market that it has signed a share purchase agreement to acquire 100 per cent stake in ticket booking platform Trainman from Stark Enterprises Pvt Ltd.
This move by Adani Group will challenge the monopoly of Indian Railway Catering and Tourism Corporation (ITCTC) in the online train ticket booking business. Explain that Trainman is an online train ticket booking platform. At the same time, Adani Enterprises will acquire this company through Adani Digital Labs Private Limited.
Adani’s company engaged in raising funds: Adani Enterprises has been trying to raise funds for some time now. Under this, the company launched the FPO in the last week of January. However, the company called off the FPO due to the volatility caused by the Hindenburg report. A board meeting was also held last May to raise funds. In this meeting, the board of Adani Enterprises approved raising funds of Rs 12500 crore through QIP.
Condition of shares: Let us tell you that due to the Hindenburg report, the shares of Adani Enterprises suffered huge losses. Last Friday, the stock closed at Rs 2506.65 with a slight gain. Talking about IRCTC, it stood at Rs 664.90 on BSE. The stock was up 3.43% compared to a day earlier.
