Gautam Adani’s flagship firm, Adani Enterprises, is to acquire 51% of remaining stake in Quintillion Business Media, a report in Reuters said.

Last March, PTI had reported that AMG Media Networks Ltd, which is a subsidiary of Adani Enterprises have acquired “49 per cent stake in the Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore.”

This was Adani Enterprises first foray into Indian News business and later the group bought nearly 65% in NDTV in December.

Quintillion will now become a fully owned subsidiary of AMG Media Networks Ltd. The parent group of Quintillion Business Media, QUIT.BO or Quint Digital Media has not disclosed any financial details of the deal, Reuters said.

The business and financial news media platform BQ is run by Quintillion Business Media. Earlier, BQ Prime was Bloomberg Quint, which was a former joint venture between the US based agency Bloomberg Media, US, and Quintillion Media, India. Bloomberg withdrew itself from the agreement in last March, Reuters report on this said.