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According to the ownership pattern available on the BSE, promoter groups own a 56.45% stake in the company, with the remaining shares being held by public shareholders. Of the organizers, 29.55% of the shares are held by Raghav Bahl, 16.78% by Ritu Kapur and 8.4% by Mohan Lal Jain.

Adani Enterprises said in a public offering filing on Friday that it has signed a share purchase agreement with Quintillion Media Ltd (QML), QBML and Quint Digital Media Ltd (QDML) in connection with AMG Media’s proposed acquisition of a 49 percent stake in QBML . However, the company did not disclose the financial transactions related to the deal.

On March 1, 2022, AMG Media Networks, a wholly owned subsidiary of Adani Enterprises, had entered into firm agreements with Quintillion Media Limited and Quintillion Business Media to purchase an interest in Quintillion Business Media Limited.

“We would like to inform you that pursuant to the Letter of Intent dated March 1st, 2022, the Company and its principal subsidiaries i.e. Quintillion Media Limited and Quintillion Business Media Limited have signed definitive agreements with AMG Media Networks Limited, a wholly owned subsidiary of Adani Enterprises Limited to complete the sale of a 49% interest in Quintillion Business Media Limited,” said Quint Digital Media in a BSE filing.

Cheryl Tenny

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