Adani Group to pick up minority stake in Cleartrip

The acquisition, as a part of its diversification plan, is in all likelihood its first inorganic investment in the digital space, apart from its investment in its own data centres.

Adani Group, Adani, Cleartrip, Flipkart, Flipkart group, business acquisition

The stake acquisition in Cleartrip is in line with the group’s plans of launching a SuperApp, said Gautam Adani, chairman, Adani Group. (File Photo)

Adani Group on Friday said it would acquire a “significant minority stake” in online travel aggregator and ticket booking portal Cleartrip, which is a part of the Flipkart group.

The acquisition, as a part of its diversification plan, is in all likelihood its first inorganic investment in the digital space, apart from its investment in its own data 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 said.

The stake acquisition in Cleartrip is in line with the group’s plans of launching a SuperApp, said Gautam Adani, chairman, Adani Group.

H-1B visa fee hike, US H-1B visa policy, $100000 H-1B visa fee, India response to H-1B fee, humanitarian impact H-1B visa, Indian government on H-1B, Randhir Jaiswal H-1B statement, Indian IT companies H-1B visas, Infosys H-1B approvals, TCS H-1B visa employees, Wipro H-1B visa applications, HCL H-1B workforce, US visa restrictions 2025, H-1B visa deadline September 21, Microsoft H-1B travel advisory, Amazon H-1B visa holders, JP Morgan H-1B guidance, H-1B visa program abuse, Indian skilled workers in US, USCIS H-1B data 2023

‘I don’t know what awaits me in the US’: The lives upended by Trump’s H-1B proclamation

India6 hr ago

The recent imposition of a $100,000 fee on H-1B visas by Trump has caused chaos and uncertainty for Indian families in Dubai, leading many to rush back to the US. This has particularly affected Telugu-speaking Indians, with the Telangana IT Minister seeking intervention from the Centre.

View all shorts

Live Blog