Quint Digital Media Limited (BSE:539515) agreed to acquire Quintillion Media Pvt Ltd. and 47.92% stake in Spunklane Media Private Limited from Rb Diversified Private Limited and Raghav Bahl for approximately INR 250 million on November 10, 2021. Quintillion Media Pvt Ltd. reported turnover of INR 45.5 million and Spunklane Media Private Limited reported turnover of INR 42.7 million as of March 31, 2021. The transaction is subject to approval from the shareholders of Quint Digital Media Limited. The transaction is approved by the Board of Quint Digital Media Limited. As of December 31, 2021, the transaction has been approved by the members of the Quint Digital Media Limited. The transaction is expected to close on 30-45 days.

Quint Digital Media Limited (BSE:539515) completed the acquisition of Quintillion Media Pvt Ltd. and 47.92% stake in Spunklane Media Private Limited from Rb Diversified Private Limited and Raghav Bahl on January 19, 2022.