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The company said that the acquisition is of strategic nature and will help Adani Group to enhance its travel line of business.
SEPL is incorporated in India and registered with the Registrar of Companies, Uttar Pradesh at Kanpur on 22 March 2016. It belongs to e-commerce and website development industry. It had a turnover of Rs 4.51 crore in the financial year ended 31 March 2023.
Adani Enterprises is the flagship company of Adani Group, one of India's largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses. The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, roads, data center and water infrastructure.
On a consolidated basis, Adani Enterprises reported a 137.41% increase in net profit to Rs 722.48 crore in Q4 FY23 over Q4 FY22, while revenue from operations grew by 26.06% to Rs 31,346.05 crore.
The scrip declined 1.02% to Rs 2,379 on Friday, 7 July 2023.
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