{"id":104265,"date":"2023-06-19T18:08:54","date_gmt":"2023-06-19T12:38:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104265"},"modified":"2023-06-19T18:34:30","modified_gmt":"2023-06-19T13:04:30","slug":"adani-enterprises-owned-trainman-not-a-threat-to-irctc-heres-why","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/adani-enterprises-owned-trainman-not-a-threat-to-irctc-heres-why\/","title":{"rendered":"Adani Enterprises owned Trainman not a threat to IRCTC; Here\u2019s why\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1538610062\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Adani Enterprises Limited, through a regulatory filing with the BSE dated 16th June 2023, informed that Adani Digital Labs Private Limited, a wholly-owned subsidiary of the company, has signed a Share Purchase Agreement (SPA) with \u2018Stark Enterprises Private Limited\u2019, also known as Trainman, pertaining to a 100 percent acquisition in the same. The target company is an online platform for train booking and information.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1588095063\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The Indian Railway Catering and Tourism Corporation (IRCTC), replying to the same, said that it will not be bothered by the moves made by the conglomerate since Trainman itself is an IRCTC-authorised train ticket booking agent.&nbsp;<\/p><p>In an E-mail conversation with another news publisher, Trainman said that the development that has taken place will, in no way, hit IRCTC\u2019s online train ticket booking business. Thus, Adani Enterprises buying a stake will not break IRCTC\u2019s monopoly.&nbsp;<\/p><p>A Trainman spokesperson mentioned, \u201cTrainman is an IRCTC authorised train ticket booking agent. We are in no way challenging IRCTC or contending with them. We work with them and it is because of IRCTC that online train ticketing exists\u201d.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1720496809\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>ICICI Direct also tweeted and had a say about the same.\u00a0<\/strong><\/p><figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Will Adani compete with IRCTC?<br>No.<br><br>IRCTC is a 100% monopoly in railway ticketing. Whether you book tickets from IRCTC or from aggregators like Paytm, MakeMyTrip or now Adani acquired Trainman, IRCTC makes money.<br><br>It earned Rs 70 crore via Paytm in FY 2022, @ Rs 12 per ticket.<br>1\/ <a href=\"https:\/\/t.co\/pwOOzxQ6Ud\">pic.twitter.com\/pwOOzxQ6Ud<\/a><\/p>&mdash; ICICIdirect (@ICICI_Direct) <a href=\"https:\/\/twitter.com\/ICICI_Direct\/status\/1670622773092163585?ref_src=twsrc%5Etfw\">June 19, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p>The shares of Adani Enterprises Limited closed in the red today at Rs 2,401.40. In the last couple of hours, the stock prices dragged down and closed with a downfall of around 4.30 percent compared to the previous closing levels of Rs 2,509.60.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-527632727\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Adani Enterprises Limited, through a regulatory filing with the BSE dated 16th June 2023, informed that Adani Digital Labs Private Limited, a wholly-owned subsidiary of the company, has signed a Share Purchase Agreement (SPA) with \u2018Stark Enterprises Private Limited\u2019, also known as Trainman, pertaining to a 100 percent acquisition in the same. The target company [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":33682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-104265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Adani Enterprises owned Trainman not a threat to IRCTC; Here\u2019s why\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Adani Enterprises Limited, through a regulatory filing with the BSE dated 16th June 2023, informed that Adani Digital Labs Private Limited, a wholly-owned subsidiary of the company, has signed a Share Purchase Agreement (SPA) with \u2018Stark Enterprises Private Limited\u2019, also known as Trainman, pertaining to a 100 percent acquisition in the same. 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