Adani Group to choose up minority stake in Cleartrip

Adani Group on Friday mentioned it might purchase a “significant minority stake” in on-line journey aggregator and ticket reserving portal Cleartrip, which is part of the Flipkart group.
The acquisition, as part of its diversification plan, is in all probability its first inorganic funding within the digital house, other than its funding in its personal information centres.
“The investment will further enhance the strategic partnership between the Adani Group and the Flipkart Group … As a part of the investment, Cleartrip will also serve as the Adani Group’s OTA (online travel aggregator) partner,” the group mentioned.
The stake acquisition in Cleartrip is in keeping with the group’s plans of launching a SuperApp, mentioned Gautam Adani, chairman, Adani Group.