Adani Enterprises sets up wholly-owned subsidiary called AMG Media Networks

The new company will “carry on the business of media related activities, including publishing, advertising, broadcasting, distributing etc. of content over different types of media networks”.

By: ENS Economic Bureau

Mumbai | Updated: April 28, 2022 12:13 AM IST

1 min read

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. (REUTERS/File Photo)

Adani Enterprises Ltd has entered the media segment with the setting up of a wholly owned subsidiary, AMG Media Networks Ltd.

The new company will “carry on the business of media related activities, including publishing, advertising, broadcasting, distributing etc. of content over different types of media networks”.

According to the Registrar of Companies (RoC), AMG Media Networks has three directors — Pranav Vinod Adani , director at Adani Enterprises, Sanjay Pugalia, CEO & editor-in-chief, Media Initiatives, Adani Enterprises and Sudipta Bhattacharya, the chief technology officer of the Adani Group.

The company, as per its memorandum of association, will develop content for a range of platforms and media. In March, Quintillion Business Media Private Ltd, an indirect subsidiary of Quint Digital had said that Adani Group will acquire a minority stake in it. QBM runs Bloomberg Quint.

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