Adani Group purchases remaining 51% stake in Quintillion Business Media
Adani Group has announced the purchase of the remaining 51 percent stake in Quintillion Business Media, which operates BQ Prime. The announcement was made by Adani Group in their recent shareholder meeting. The company said in a press statement, “We would like to further inform that AMNL, Quintillion Media Limited (“QML”), Quint Digital Limited (“QDL”) and QBML have executed a Share Purchase Agreement for the acquisition of remaining 51% stake in QBML.”
Adani Enterprises had informed execution of the Memorandum of Understanding in relation to the acquisition of the remaining 51% stake in Quintillion Business Media by AMG Media, a wholly owned subsidiary of Adani Enterprises.
However, financial details of the transaction were not disclosed.
Tags : Adani Group Acquisition