Adani Enterprises made the announcement one month ago that it has inked a contract to acquire one hundred percent of SEPL.

Adani Enterprises announced on Saturday, in a filing with the stock exchange, that one of the company’s wholly-owned subsidiaries, Adani Digital Labs Pvt Ltd, has purchased a 29.81% share in SEPL for the price of Rs 3.56 crore.

In the fiscal year 2022-23, which ran from April 2022 to March 2023, SEPL had a revenue of 4.51 crore rupees.

On Saturday, Adani Enterprises identified SEPL as a company that is involved in “e-commerce and website development.” The previous month, the company had classified SEPL as “an online train booking and information platform.” The statement that was made a month ago sparked a minor controversy when Congress general secretary Jairam Ramesh tried to imply that Adani’s acquisition of Trainman could eventually lead to the company’s acquisition of IRCTC, which is the ticketing and other services part of the Indian Railways.

IRCTC had published a statement to dispute the accusation, which can be found here. IRCTC had mentioned in its previous explanation of the e-ticketing business area that around 14.5 lakh reserved tickets are booked on a daily basis in Indian Railways. Nearly 81% of these tickets are electronic and were booked directly through the IRCTC website. As a result, IRCTC and its agents, such as Trainman, do not face any competitive pressures.

It had been stated that Trainman, which is a B2C partner of IRCTC, is responsible for 0.13 percent of the total reserved ticketing. Additionally, it had been stated that because these companies are integrated with IRCTC, they assist customers in having a more streamlined experience when purchasing tickets.

Trainman is an Indian travel booking application that was established in 2011 by Vineet Chirania and Karan Kumar. The app enables passengers to check the PNR (Passenger Name Record) status, predicts the possibility of getting a confirmed seat in the event of a wait-list, and provides real-time updates on seat availability, running status, time table, coach position, fare calculator, and other relevant information.

The Adani group has made another investment in the travel booking and information industry with their purchase of Trainman. In October of 2021, Adani Enterprises made a purchase of a minority investment in Cleartrip Pvt Ltd, which is an online travel aggregator owned by Flipkart.

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The ministry specifies that the discount shall not exceed 25 percent of the base fare.

Other applicable fees will be assessed separately.

The railways informed that trains with less than 50% occupancy (either end-to-end or in certain specified legs/sections) during the previous 30 days will be considered.
It was stated that the discount would go into effect immediately.

Those who have already purchased tickets will not receive a refund of the reduced fare.

In order to increase the number of passengers on trains where the flexi tariff scheme is applicable in a particular class but occupancy is low, the flexi fare scheme may be temporarily suspended.

This scheme shall not apply to special trains introduced for holidays, festivals, etc.

In order to maximize the utilization of train accommodation, the Ministry of Railways has delegated authority to Zonal Railways to introduce a discounted fare scheme on trains with air-conditioned seating, subject to the following conditions:

Applicability of the Reduced Fare program:

This plan applies to the AC Chair Car and Executive classes of all trains with AC seating accommodations, including Anubhuti and Vistadome coaches.

The amount of discount shall not exceed 25 percent of the base fare. Other fees, such as the reservation fee, ultra fast surcharge, GST, etc., will be assessed separately, as applicable. Based on occupancy, the discount may be provided in any or all courses.

During the last 30 days, trains with less than 50% class occupancy (either end-to-end or in certain specified legs/sections depending on the sections where discounts are to be provided) will be considered.

When determining the amount of a discount, the fares of competing modes of transportation shall serve as a criterion.

The discount may be applied to the first-leg of the journey, the last-leg of the journey, intermediate sections, and/or the entire journey, provided that occupancy is less than 50 percent in that leg/section/journey.

The discount shall become effective immediately. However, there shall be no refund of fare for passengers who have already been booked.

This discount shall initially be implemented for a period determined by the PCCMs of the zones corresponding to the train’s origin station, up to a maximum of six months from the date it is implemented.

A discounted fare may be offered for the entire duration, a portion of the duration, by month, by season, or for weekdays/weekends based on the demand pattern during the aforementioned time frame.

In consultation with PCCMs of other Zonal Railways/Managing Director or COM/CCM in the case of KRCL, fare discounts may be provided for trains with inter-zonal O-D pairs/destinations.

If a change to the discount or cancellation of the program is decided, it may be implemented immediately.

However, no fare difference shall be levied or collected from passengers who have already been booked.

In order to increase the number of passengers on trains where the flexi tariff scheme applies to a particular class but occupancy is low, the flexi fare scheme may be temporarily suspended.

Only if this does not result in an increase in passenger volume may a discount scheme be implemented on these trains/classes.

Tickets for PTOs/difference of fare on Rly passes/concessional vouchers/MLA/ex-MLAs coupons/warrants/MPs/ex-MPs/freedom fighters, etc. must be booked at the original class-based tariff, not the discounted fare.

If the discount is provided on an end-to-end basis, Tatkal quotas shall not be reserved in such trains for the specified time period.

Moreover, if a discount is offered for a portion of the train’s journey, the tatkal quota cannot be provided for the discounted portion of the journey.

The discount applies to tickets booked prior to the preparation of the first chart and during the present booking period.

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The discount may also be offered by TTE onboard.

This scheme shall not apply to special trains introduced for holidays, festivals, etc.

This scheme’s provisions shall be applicable for a period of one year.

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