Adani Enterprises Limited (AEL), a part of Adani Group, is planning to take over an online train booking and information platform Trainman.
As per the regulatory filing, AEL informed that its wholly-owned subsidiary, “Adani Digital Labs Private Limited has signed a share purchase agreement in relation to its proposed acquisition of 100 per cent stake in Stark Enterprises Private Limited (SEPL), also known as Trainman, an online train booking and information platform.”
A Gurugram-based start-up, Trainman was founded by IIT Roorkee graduates Vineet Chirania and Karan Kumar. In its latest round of funding the company raised $1 million from a group of US investors including Goodwater Capital, Hem Angels and others.
Adani Enterprises shares ended at ₹2,506.65 on BSE Friday, marginally up by 0.86 per cent from previous close.
