AMG Media Networks Ltd., a wholly owned subsidiary of Adani Enterprises Ltd., has executed a share-purchase agreement for the acquisition of remaining 51% stake in Quintillion Business Media Ltd.
AMNL already holds 49% stake in QBML, which it acquired for Rs 47.84 crore in March this year.
Quintillion Business Media is the owner of BQ Prime, a business and financial news platform.
Disclaimer: AMG Media Networks Ltd. (AMNL) currently owns 49% stake in Quintillion Business Media Ltd. (QBML), the owner of BQ Prime Brand. AMNL has entered into an MOU to acquire the balance 51% stake in QBML. Post acquisition, QBML will become a wholly owned subsidiary of AMNL.
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