Adani acquires 49% in Raghav Bahl promoted media unit

Adani Enterprises Limited (AEL) has announced the acquisition through it’s wholly owned subsidiary, AMG Media Networks Limited (AMG).

Key points to note –

  • Acquisition is of 49% stake in Quintillion Business Media Limited (QBML)
  • QBML owns and operates a business and financial news digital media platform, viz., (formerly known as
  • Previously on March 1, 2022, AEL had signed a MoU with Quint and announced to foray into the media business by acquiring an unspecified minority stake in QBML.
  • Consideration as well as financial performance numbers of the acquisition have not been disclosed.


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