• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, July 18, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Adani Group enters the media industry with a minority stake in Quintillion Media

by Balraj
March 2, 2022
in Business, India News
Reading Time: 2 mins read
0
Adani Group
TwitterWhatsappLinkedin

Quint Digital Media Limited, a digital media company, entered into a conclusive term sheet agreement with the Adani Group. The ports-to-energy conglomerate will acquire a minority stake in Quintillion Business Media Pvt Ltd as part of the term sheet.Adani Group

You might also like

Trump Administration Pulls $4 Billion in Federal Funding from California’s High-Speed Rail Project

Starbucks Tightens Office Mandate, Requires Corporate Employees to Return Four Days a Week

Reddit Rolls Out Mandatory Age Checks for UK Users Amid Stricter Online Safety Rules

Quint Digital confirmed in a stock exchange filing that the proposed agreement with the Adani Group is only for QBM, a digital business news platform, and has nothing to do with other digital media/media tech properties owned by Quint Digital such as The Quint, the new minute, Quintype Technologies, and Youthkiawaaz.

The deal is subject to standard due diligence and the execution of definitive agreements, and as of now, Quint Digital has entered a memorandum of understanding with Adani Properties for the scheduled sale of a minority shareholding in QBM held by Quintillion Media (material subsidiary).

Sanjay Pugalia, CEO, Adani Media Ventures said in a statement, “Adani Media Ventures intends to lead the path for new age media across different platforms. The adoption of technology and the increased ability of our nation to consume information has dramatically transformed the way media is expected to disseminate authentic information. This is exactly what Adani Media Ventures aims to do.” In September of last year, Pugalia resigned as president of Quint Digital Media to join Adani Media Ventures as chief executive and editor-in-chief to oversee the Group’s media-related operations.

For starters, QBM is an Indian business and financial media outlet that also provides a business news digital platform. Through its platform Bloomberg | Quint, QBM’s major content focuses on the Indian economy, corporate law & governance, international finance, and business news, among other things. Bloomberg Television Production Services India Pvt. Ltd. has a content agreement in place.

Quint said in a separate filing to the stock exchanges that Bloomberg Media and Quintillion Media will restructure its agreement in India, dissolving their equity joint venture in favor of a new content license partnership. Quintillion Media and Bloomberg Media launched a 74:26 joint venture in April 2016 with the objective of launching a business news channel and web portal under the name BloombergQuint. This is Bloomberg’s first investment in a partnership anywhere.

Anil Uniyal, CEO of Quintillion Media said, “We are delighted to welcome the Adani Group as an investor in QBM. Given the proven execution record of the Adani group, their support to fulfill the ambitions of QBM will lay the foundation for accelerating the growth of the business and scale of QBM’s high-quality content for the Indian audiences.”

Tags: Adani GroupAnil UniyalBloombergQuintillion MediaSanjay Pugalia
Tweet54SendShare15
Previous Post

Wooing Intel, Italy plans over 4 billion fund to boost chipmaking

Next Post

Crypto couple wife hires her own defense lawyer

Balraj

Balraj writes about Startup, Business, Technology related news on Techstory... For Business Enquires related to TechStory; Get in touch on: [email protected]...

Recommended For You

Trump Administration Pulls $4 Billion in Federal Funding from California’s High-Speed Rail Project

by Harikrishnan A
July 17, 2025
0
Trump Administration Pulls $4 Billion in Federal Funding from California’s High-Speed Rail Project

President Donald Trump has ordered the U.S. Department of Transportation to revoke $4 billion in federal funding from California’s high-speed rail project, a move that has reignited a...

Read more

Starbucks Tightens Office Mandate, Requires Corporate Employees to Return Four Days a Week

by Harikrishnan A
July 17, 2025
0
Starbucks Tightens Office Mandate, Requires Corporate Employees to Return Four Days a Week

Starbucks is changing course on remote work and increasing the number of required in-office days for corporate employees. Starting in October, those working near its major offices in...

Read more

Reddit Rolls Out Mandatory Age Checks for UK Users Amid Stricter Online Safety Rules

by Harikrishnan A
July 17, 2025
0
Surge in Reddit’s MOON Token Price Following Deflationary Strategy Unveil

Reddit users in the United Kingdom now face a new requirement before they can access certain adult or sensitive content on the platform: they must prove they are...

Read more
Next Post
Crypto couple wife hires her own defense lawyer

Crypto couple wife hires her own defense lawyer

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?