AMG Media Networks, owned by billionaire Gautam Adani, has acquired approximately 49% of Quintillion Business Media
According to Adani Enterprises’ stock exchange filing, the acquisition cost Rs 48 crore. In May of last year, the investment was initially announced.
The agreement for sale was signed on May 13, 2022, and the transaction was closed on March 27, 2023.
The news site Bloomberg Quint, now known as BQ Prime, is operated by Quintillion Business Media.
In September 2021, the conglomerate appointed Sanjay Pugalia, a seasoned journalist, to lead Adani Media Ventures.