Adani Group to acquire minority stake in Quint Digital arm; stock zooms 20%

Meanwhile, Bloomberg Media and Quintillion Media, part of Quint Digital Media, on Tuesday announced the restructuring their partnership in India

Shares of Quint Digital Media were locked at 20 per cent upper circuit at Rs 483.40 on the BSE in Wednesday's trade after the company announced that Adani Group will acquire a minority stake in Quintillion Business Media Private Limited (QBM), an indirect subsidiary of Quint Digital.

"The proposed transaction with the Adani Group is only for QBM which is a digital business news platform and not in relation to other digital media/ media tech properties owned by Quint Digital viz. The Quint, Quintype Technologies, thenewsminute and Youthkiawaaz," said Quint Digital in a stock exchange filing without quantifying the