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Home Featured

Adani Media Group to acquire 49% stake in Quintillion Business Media

by MN4U Bureau
May 16, 2022
in Featured, Marketing
Reading Time: 1 min read
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AMG Media Networks Ltd. is set to acquire a 49% stake in Raghav Bahl’s digital business news platform, Quintillion Business Media Ltd. (QBML) as per a regulatory filing.

Adani Enterprises Limited stated in a stock exchange filing, “The SHA and SPA record the terms of agreement with respect to the acquisition of 49 per cent equity shares of QBML by AMG Media and the inter se rights and obligations and other matters in connection therewith.”

QBML owns and operates a business and financial news digital media platform, BQ Prime, formerly known as Bloomberg Quint.

The transaction is subject to customary closing conditions and requisite approvals, the company said.

Tags: Adani Media GroupQuintillion Business Media

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