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The Hindu
The Hindu
National
PTI

Adani Enterprises to acquire 49% stake in Quintillion Business Media

Adani Enterprises Quint Gautam Adani Adani Group

AMG Media Networks, a unit of billionaire Gautam Adani’s conglomerate Adani Enterprises, will pick a 49% stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for an undisclosed sum, according to a regulatory filing.

Earlier in March, Adani Enterprises announced its foray into the media business by acquiring an unspecified minority stake in Quintillion Business Media Ltd (QBML).

It has signed a Shareholders‘ Agreement with Quintillion Media Ltd (QML) and QBML and a share purchase agreement with QML, QBML and Quint Digital Media Ltd (QDML) in connection with its proposed acquisition of a 49% stake in QBML, said Adani Enterprises in a late-night regulatory filing on May 13.

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