 "Adani Group Chairman Gautam Adani with Flipkart Group at the signing of Cleartrip stake acquisition")
The Adani Group on Friday announced it would acquire a significant minority stake in Cleartrip, an online travel aggregator (OTA) and part of the Flipkart Group.
The amount of investment is not disclosed. As part of the investment, Cleartrip will also serve as the Adani Group’s OTA partner. The deal is expected to close in November, subject to customary closing conditions.
Since the acquisition by the Flipkart Group, Cleartrip has seen 10x growth in flight bookings, it said in a statement. The Adani group is India's largest private sector airport operator catering to 25 per cent of the passenger traffic. Trends observed
