Adani Enterprises makes its first foray into media, sets up AMG Media Network

Adani Enterprises has announced the formation of AMG Media Networks, a wholly-owned subsidiary. The entity’s initial authorised and paid-up share capital will be Rs 1,000,000 per share. The corporation was formed on April 26, 2022.

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,” the Adani Enterprises said in a statement to BSE and NSE.

According to the company’s memorandum of understanding, it would create content for a variety of channels and media. Quintillion Business Media, a Quint Digital indirect subsidiary, had announced in March that Adani Group will buy a minority share in it. Bloomberg Quint is managed by QBM.