NEW DELHI : India's Adani Group is taking a minority stake in local digital business news platform Quintillion, the companies said in statement on Tuesday, marking billionaire Gautam Adani's first bet in the news industry.
The news was first reported in September last year when the company appointed veteran Indian journalist Sanjay Pugalia to lead its media company Adani Media Ventures.The proposed deal excludes other popular Indian digital media properties affiliated with the Quint such as The News Minute and Youth Ki Awaaz, the companies said.
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