GulfHindi English Desk: Adani Group has expanded its presence in the railway ticket booking business. Its main company, Adani Enterprises, has acquired a 30% stake in Start Enterprises Private Limited (SEPL), the operator of Trainman, a leading online railway ticket booking platform.
SEPL generated a business of ₹4.51 crore in the financial year 2022-23. Adani Enterprises purchased a 29.81% stake in SEPL for ₹3.56 crore. This acquisition was announced last month when Adani Enterprises expressed its intention to acquire the entire stake in SEPL.
Although Adani Enterprises previously defined SEPL as an “online train booking and information platform,” it is now referred to as a company related to “e-commerce and website development.”
The announcement of Adani’s acquisition of Trainman platform has drawn criticism from the Congress party, expressing concerns that the takeover could pave the way for Adani to acquire IRCTC. However, IRCTC denied any competition between them and Trainman agents.
This acquisition by Adani Group will provide travelers with the convenience of booking train tickets at a lower cost. Trainman does not charge payment gateway fees or other agent service charges. Additionally, Trainman also offers the option of booking flight tickets in certain situations when train tickets booked through Trainman are canceled by the railways.
In summary, Adani Group’s acquisition of a stake in Trainman will enhance its presence in the railway ticket booking industry and provide travelers with more affordable and convenient options for booking train tickets.
en.gulfhindi.com News Summary
👉Adani Group has increased its presence in the railway ticket booking business by acquiring a 30% stake in Star Enterprises Private Limited (SEPL), the operator of the Trainman platform.
👉SEPL generated a turnover of ₹4.51 crore in the financial year 2022-23, and Adani Enterprises purchased a 29.81% stake for ₹3.56 crore.
👉Adani Enterprises previously defined SEPL as an “online train booking and information platform,” but it is now referred to as a company related to “e-commerce and website development.”
👉The announcement of Adani’s acquisition of Trainman platform raised concerns among some, who fear it may pave the way for the acquisition of Indian Railway Catering and Tourism Corporation (IRCTC).
👉However, IRCTC stated that there is no competition between them and Trainman or its agents.
👉The acquisition of Trainman platform by Adani Group will provide travelers with the convenience of booking train tickets at a lower cost, as Trainman does not charge payment gateway fees or other agent service charges.
👉Trainman also offers the option of booking flight tickets for free in certain situations when a train ticket booked through Trainman is canceled by the railway for any reason.
👉Important information regarding the companies involved: SEPL generated a turnover of ₹4.51 crore, Adani Enterprises purchased a 29.81% stake in SEPL, and Trainman holds a 0.13% stake in IRCTC tickets.
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