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[ad_1] Shares of eight of the 10 group firms closed in the red. (File) New Delhi: Shares of most of the Adani group companies settled lower on Friday, with flagship company Adani Enterprises registering a 4 per cent slump, after index provider MSCI decision to cut the free-float weight of some companies of the conglomerate in their indices. Shares of eight of the 10 group firms closed in the red, while two companies settled in the green territory on Friday. The Market cap of Adani group companies fell again by 3.3 per cent on February 10, following the MSCI decision to cut the free float weight of some companies of the conglomerate in their indices. "The market cap of the group is now down by 51 per cent as compared to that on January 24," Deepak Jasani, Head of Retail Research at HDFC Securities said. The scrip of Adani Enterprises nosedived 4.15 per cent to settle at Rs 1,847.35 apiece on the BSE. During the day, it declined 10 per cent to Rs 1,734.60 -- its lower pric...

[ad_1] NEW DELHI: Adani Enterprises , the flagship firm of billionaire Gautam Adani's group, has bought a close to 30 per cent stake in Start Enterprises Pvt Ltd, which owns the online train ticket booking platform Trainman . Adani Enterprises last month announced that it has signed a pact to acquire 100 per cent of SEPL. In a stock exchange filing on Saturday, Adani Enterprises said Adani Digital Labs Pvt Ltd, a wholly-owned subsidiary of the company, has bought a 29.81 per cent stake in SEPL for Rs 3.56 crore. SEPL had a turnover of Rs 4.51 crore in 2022-23 (April 2022 to March 2023) fiscal year. While last month, Adani Enterprises had described SEPL as "an online train booking and information platform," on Saturday it described the firm as one into "e-commerce and website development." The announcement last month had led to a mini-controversy with Congress general secretary Jairam Ramesh seeking to suggest that Adani's takeover of Trainman may even...