Adani Digital Labs, a division of Adani Enterprises Ltd., has purchased a 70.19% share in Stark Enterprises Pvt., the company in charge of the online platform Trainman for train reservations and information.
According to an exchange filing, Rs 6.8 crore was paid as the acquisition’s consideration. ‘The acquisition is of a strategic nature and will help Adani Group to enhance its travel line of business,’ it said.
The subsidiary of the main Adani corporation purchased a 29.81% interest in Stark Enterprises in July.
Shares of Adani Enterprises Ltd. Traded at Rs 2540.50 as of 11:05 am.
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