Adani Group to acquire a minority stake in Quintillion from Quint Digital Media.

Financials

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Transaction Value-

Consideration TypeCash

Capital Owned-

Capital Bid For-

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

vendor

Quint Digital Media

target

Quintillion Media

bidder

Adani Group

Sources

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Tags

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Acquisition

Domestic

news

Media Agencies

Private

media platform

Single Bidder

India

Friendly

Pending

Minority

Synopsis

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Adani Group, a commodity trading business, agreed to acquire a minority stake in Quintillion, a digital business news platform, from Quint Digital Media, a digital media company. Financial terms are not disclosed. The transaction is the first bet of Gautam Adani, Adani Group Founder and Chairman, in news industry.