Shares of Dreamfolks Services slumped 5% on Monday, hitting a 52-week low of ₹178.01, after Adani Airports CEO Arun Bansal suggested that lounge access no longer requires intermediaries. The stock opened at ₹188.99, touched a high of ₹189.00, but dropped sharply following Bansal’s statement. It now trades far below its 52-week high of ₹522.15, raising concerns about the company’s long-term positioning.
In a LinkedIn post, Bansal said flyers can now directly access lounges through Adani Airports’ digital platform—eliminating the need for middlemen. He credited the shift to innovations from Adani’s in-house digital lab and said the fintech revolution proves that intermediaries can be bypassed. His post comes just a day after Dreamfolks CEO Liberatha Peter Kallat accused two unnamed airport operators of pressuring its clients to switch away from the company.
Dreamfolks acts as a key aggregator in India’s airport services space, connecting banks, card issuers, and lounge operators. But growing digital control by airport operators could threaten its business model.
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