Adani plans AMG Media Networks for media-related activities

By siliconindia  |  Thursday, 28 April 2022, 08:51:06 AM IST

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Adani Enterprises announced on Wednesday that it has incorporated a wholly-owned subsidiary, namely, AMG Media Networks Ltd.
The subsidiary was incorporated on April 26, with an initial authorised and paid-up share capital of Rs 1 lakh each to carry on the business of media related activities, including, inter alia, the publishing, advertising, broadcasting, distributing etc. of content over different types of media networks.
AMG Media Networks Ltd will commence its business operations in due course, Adani Enterprises said in a regulatory filing.
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.
Source: IANS

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