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Adani Enterprises’ arm completes acquisition of remaining 51% stake in QBML

09 Dec 2023 Evaluate

Adani Enterprises’ wholly owned subsidiary -- AMG Media Networks (AMNL) has completed the acquisition of remaining 51% equity stake in Quintillion Business Media (QBML) on December 8, 2023, in accordance with the terms contemplated under the Memorandum of Understanding (MoU) and Share Purchase Agreement (SPA). Accordingly, QBML has become Wholly Owned Subsidiary of the Company.

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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