New Delhi: Gautam Adani, the billionaire entrepreneur and chairman of Adani Group, has acquired a 49% stake in Quintillion Business Media, a digital media company, for Rs 48 crore. The deal is part of Adani’s continued expansion into various industries, including media.
Quintillion Business Media is a Delhi-based company that provides business news, analysis, and research services to companies and investors. The deal with Gautam Adani will help Quintillion Business Media expand its reach and offer more services to its clients. Adani’s investment will also help the company grow its presence in the Indian and international markets.
In a statement, Gautam Adani said, “We believe that Quintillion Business Media has significant growth potential, and we are excited to partner with them to help realize that potential. This investment aligns with our strategy of investing in companies that have a strong potential for growth and can benefit from our expertise.”
Quintillion Business Media founder and CEO Amitabh Taneja said, “We are delighted to have Gautam Adani as our partner. With his support, we will be able to further strengthen our position as a leading provider of business news, analysis, and research services in India and abroad.”
The acquisition is the latest move by Gautam Adani to expand his business empire. Adani, who started his career with a small plastics trading business in 1988, has since diversified into a range of sectors, including ports, logistics, renewable energy, and airports.
In recent years, Adani has made several high-profile acquisitions, including the acquisition of the Mumbai airport and the Aditya Birla Group’s cement business. The billionaire entrepreneur has also been in the news for his ambitious plans to build one of India’s world’s largest solar power projects.
Overall, Gautam Adani’s acquisition of a 49% stake in Quintillion Business Media demonstrates his continued appetite for growth and his commitment to expanding his business interests in new and diverse areas.
