Adani Enterprises forays into media business with AMG Media Networks
The incorporated company will carry on the business of media related activities.
Mumbai: Adani Enterprises Ltd has announced the incorporation of AMG Media Networks Ltd. The incorporated company will carry on the business of media-related activities including publishing, advertising, broadcasting, distributing, etc., of content over different types of media networks.
"AMG Media Networks will commence its business operations in due course," said the statement.
Adani Enterprises had appointed Sanjay Pugalia as CEO and editor-in-chief of media initiatives. Pugalia is a veteran journalist who has worked with The Quint, CNBC Awaaz, Zee News, Aaj Tak, Business Standard, NBT and Star News.
As per Registrar of Companies (ROC), AMG Media Networks has three directors including Adani Enterprises director Pranav Vinod Adani, Adani Enterprises chief technology officer Sudipta Bhattacharya and Sanjay Pugalia.
In March, Quintillion Business Media Pvt Ltd (QBM), an indirect subsidiary of Quint Digital, announced that Adani Group would acquire a minority stake in the company. QBM owns and operates the digital platform Bloomberg Quint which covers business and financial news in India.
