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MoneyWorks4Me

Adani Enterprises’ arm to acquire remaining 51% stake in QBML

02 Nov 2023 Evaluate

Adani Enterprises’ wholly owned subsidiary -- AMG Media Networks (AMNL), Quintillion Media (QML), Quint Digital (QDL) and Quintillion Business Media (QBML) have executed a Share Purchase Agreement for the acquisition of remaining 51% stake in QBML. AMNL is already holding 49% stake of QBML.

Acquisition of remaining 51% equity shares of QBML by AMNL from QML. Post acquisition of 51% stake, QBML will become a wholly-owned subsidiary of AMNL.

Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.

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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