Quint Digital Media and its material subsidiaries viz. Quintillion Media and Quintillion Business Media, have signed the Share Purchase Agreement with AMG Media Networks, a wholly owned subsidiary of Adani Enterprises, in relation to the divestment of 51% stake in Quintillion Business Media.
The consideration received from such sale/ disposal is Rs 52.45 crore to be adjusted on account working capital adjustments and other valuation adjustments as mutually agreed. The expected date of completion of sale/ disposal is on or before December 31, 2023.
Quint Digital Media 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.
