M&A M&A
Adani acquires balance 51% stake in online business media property Bloomberg Quint
AMG Media Networks Limited, a wholly owned subsidiary of publicly listed Adani Enterprises Limited is to acquire the residual 51% stake in digital business news platform operator, Quintillion Business Media Limited (QBM).
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From the Venture Intelligence M&A Deals Database: In Mar-22, New Delhi-based, publicly-listed Quint Digital Media Ltd had divested a minority stake in Quintillion Business Media Pvt Ltd (QBM) to Adani Media Ventures. QBM operates a business news digital platform, Bloomberg Quint. Its main content is based on the Indian economy, international finance, corporate law and governance and business news.