Adani Enterprises arm inks agreement to acquire 49% in Quintillion Business Media Ltd

AMG Media Networks Limited ("AMG Media"), a wholly owned subsidiary of Adani Enterprises Ltd has signed Shareholders' Agreement with Quintillion Media Limited ("QML") and Quintillion Business Media Limited ("QBML") and Share Purchase Agreement with QML, QBML and Quint Digital Media Limited ("QDML") dated 13th May, 2022 in connection with its proposed acquisition of 49% stake in QBML.

The SHA and SPA record the terms of agreement with respect to acquisition of 49% equity shares of QBML by AMG Media and the inter se rights and obligations and other matters in connection therewith.

Shares of Adani Enterprises Limited was last trading in BSE at Rs. 2055.05 as compared to the previous close of Rs. 2042.60. The total number of shares traded during the day was 63221 in over 3778 trades.

The stock hit an intraday high of Rs. 2133.45 and intraday low of 2035.85. The net turnover during the day was Rs. 132484543.00.

Source : Equity Bulls

Keywords

AdaniEnterprises INE423A01024 AMGMediaNetworks StakeAcquisition QuintillionBusinessMedia