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Adani Enterprises’ arm to acquire 49% stake in QBML

16 May 2022 Evaluate

Adani Enterprises’ wholly owned subsidiary -- AMG Media Networks has signed shareholders agreement with Quintillion Media (QML) and Quintillion Business Media (QBML) and Share Purchase agreement with QML, QBML and Quint Digital Media (QDML) on May 13, 2022 in connection with its proposed acquisition of 49% stake in QBML.

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal min ing, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.

Peers
Company Name CMP
Redington 356.35
Adani Enterprises 2731.05
Amrapali Industries 34.31
Maxgrow India 175.85
Rashi Peripheral 864.95
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