Adani Enterprises Ltd.

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Adani Enterprises’ arm completes acquisition of 49% stake in AMG Media Networks

Date: 28-03-2023

Adani Enterprises’ (AEL) wholly owned subsidiary-- AMG Media Networks (AMNL) has completed the acquisition of 49% equity stake in Quint Digital Media (QBML), in accordance with the terms contemplated under the Share Purchase Agreement (SPA). Cost of acquisition is Rs 47.84 crore.

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