Adani acquires 49% in Quintillion Business Media for Rs 48 crore

New Delhi: Billionaire Gautam Adani’s AMG Media Networks has acquired about a 49% stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore. In a stock exchange filing, Adani Enterprises Ltd said its subsidiary AMG Media Networks Ltd has completed the acquisition which was originally announced in May last year.

The transaction was completed on March 27 for “Rs 47.84 crore”, it said.