Adani Enterprises on Friday announced that it has acquired a ‘significant’ minority stake in Cleartrip Private Limited, an online travel aggregator (OTA) and part of the Flipkart Group. “Through this investment, the Adani Group and the Flipkart Group will benefit from synergies that will deliver superior travel experiences to consumers as the travel industry in India sees a resurgence…This partnership will further enable Cleartrip to transcend digital boundaries and bring end-to-end travel services online,” the Gautam Adani-led conglomerate said in a statement. As a part of the investment, Cleartrip will also serve as the Adani group’s online partner. As travel picks up over the next few months, Cleartrip will continue to focus on providing easy and flexible travel experiences for its customers. We strive to strengthen our relationship with the Adani Group and will explore ways in which we can expand our offerings for consumers, leveraging their robust travel infrastructure in the country.”Shares of Adani Enterprises on Friday closed 2.19% higher at ₹1,423.50 apiece on BSE.

Source: Mint October 29, 2021 15:33 UTC