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New Deal


Announced

Adani Group to acquire a 49% stake in Quintillion Business Media.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Pending

Single Bidder

Acquisition

Media Agencies

news

media platform

India

Domestic

Public

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Synopsis

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Adani Group, a commodity trading business, agreed to acquire a 49% stake in Quintillion Business Media, a digital journalism and media company. Financial terms were not disclosed. "The SHA and SPA record the terms of agreement with respect to the acquisition of 49% equity shares of QBML by AMG Media and the inter se rights and obligations and other matters in connection therewith," Adani.

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