Adani Enterprises purchases 30 per cent stake in Trainman

Adani Enterprises has purchased 29.81 per cent stake in Start Enterprises Private Limited (SEPL). SEPL owns the online train ticket booking platform Trainman. The stakes have been bought for Rs 35.6 million. In June 2023, Adani announced signing of a pact to acquire 100 per cent of SEPL. There were speculations of Adani’s takeover of Trainman eventually resulting in the takeover of Indian Railway Catering and Tourism Corporation (IRCTC). However, IRCTC had issued a statement denying the allegations.