Cyril Amarchand Mangaldas advised Adani Enterprises Limited (AEL), in relation to acquisition of 49% stake in Quintillion Business Media Limited (Quintillion Business) from Quintillion Media Limited, by AEL’s wholly owned media arm AMG Media Networks Limited (AMG Media). Quintillion Business owns and operates an exclusive business and financial news digital media platform, viz., www.bqprime.com (formerly known as www.bloombergquint.com). This investment marks the foray of Adani Group into the media business.
The General Corporate (M&A) Practice of Cyril Amarchand Mangaldas advised AEL on the structuring of the Transaction, review, finalization, negotiation and execution of transaction documents. The Transaction was led by Smruti Shah, Partner; Paridhi Adani, Partner; with support from Aviral Chauhan, Principal Associate; Devanshi Dalal, Senior Associate; Priya Gupta, Associate.
The Due Diligence team was led by Smruti Shah, Partner; with support from Aviral Chauhan, Principal Associate; Devanshi Dalal, Senior Associate; Priya Gupta, Associate; Kunal Gopal, Associate; Suneha Kasal, Associate.
The Transaction was signed on 13th May, 2022.
