Cyril Amarchand Mangaldas secure Adani's foray into media realm
Cyril Amarchand Mangaldas secure Adani's foray into media realm
Gautam Adani, India's second richest man, has been eyeing entry into this space for the past few months
The Adani Group has acquired a minority stake in Quintillion Business Media (QBM), which runs the digital media publication The Quint.
According to the statement issued by the two companies, the proposed transaction is only for the digital business news platform. It does not have a connect with other digital media or media tech properties owned by Quint Digital, including The Quint, Quintype Technologies, The News Minute and Youthkiawaaz.
The Adani Group was represented by law firm Cyril Amarchand Mangaldas. Partners Smruti Shah and Paridhi Adani led the team.
