Adani Group Acquires Quintillion Business
Adani Enterprises, will buy a 49% stake in news platform Quintillion Business Media Pvt Ltd for an undisclosed sum.
Adani Group- Share Purchase Agreement
It has signed a Shareholders'' Agreement with Quintillion Media Ltd (QML) and QBML and a share purchase agreement with QML.
Adani Group- SHA & SPA
The SHA and SPA record the terms of agreement with respect to the acquisition of 49 per cent equity shares of QBML by AMG.
Adani Group- QBML is leading News Company
QBML is a business and financial news company and operates a leading business news digital platform BloombergQuint.
Adani Group- Confirmed by Quint Digital Media
This was also confirmed by Quint Digital Media Ltd through a separate regulatory filing to the exchanges.
Adani Group- Signed MoU
Adani Enterprises had on March 1, 2022, signed a MoU with Quint and announced to foray into the media business.
Adani Group- Only Digital Business News
The proposed transaction with the Adani Group is only for QBM which is a digital business news platform.
Adani Group- Eying into Media Space
The port-to-energy conglomerate helmed by Gautam Adani has been eyeing entry into the media space for the past few months.
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