.
MergerLinks Header Logo

New Deal


Announced

Adani Group to invest in Flipkart-backed Cleartrip.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Friendly

Private

Travel and Tourism

travel

India

Pending

Domestic

Minority

Acquisition

Single Bidder

Synopsis

Edit

Adani Group, a commodity trading business, agreed to invest in Flipkart-backed Cleartrip, a global online travel company. Financial terms were not disclosed. Buying into Cleartrip could boost the port-to-power conglomerate’s plans to roll out a superapp as well its airport management business. The rapidly diversifying Adani Group has emerged as the country’s largest airport operator and said the number of passengers is nearing pre-pandemic highs.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US