Quint Digital has acquired an additional 2.35% of the common stock of Lee Enterprises, Inc., an American Company. Consequent to the aforesaid acquisition, the shareholding of the Company in Lee Enterprises Inc. is 10.70%. The cost of acquisition is $1.55 million for acquiring additional 2.35% stake.
The shares were acquired through overseas stock exchange (NASDAQ) and form part of the current investment plan of the Company with view to reap the long-term/short-term strategic and investment benefits.
Quint Digital is primarily engaged in the business of running websites through web, digital or mobile media and which may include various information including current affairs, lifestyle, entertainment etc.
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