Campaign India Team
May 07, 2020

Gaurav Mercantile to acquire The Quint

Raghav Bahl and Ritu Kapur are common directors in Gaurav Mercantile and Quintillion Media

Gaurav Mercantile to acquire The Quint
Gaurav Mercantile, a company in which Raghav Bahl and Ritu Kapur are promoters, has entered a deal with Quintillion Media to acquire its digital services.  
 
Bahl and Kapur, the promoters of Gaurav Mercantiles collectively owning 66.42% of the share capital, are the ultimate beneficial shareholders of Quintillion Media. 
 
Mohan Lal Jain, promoter of Gaurav Mercantiles Limited, is a director on the Board of the holding company of Quintillion Media too. 
 
The acquisition is subject to the approval of the shareholders.
 
The board of directors approved certain identified material related party transactions to be undertaken in the ordinary course of business by the company. 
 
 
 
Source:
Campaign India

Related Articles

Just Published

18 hours ago

Havas Media Group rolls out social equity private ...

The ad targeting program will work with BIPOC and LGTBQ+-owned media businesses and is believed to be the first of its kind.

22 hours ago

Combiflam gets the clarity of thought back

Watch the film conceptualised by Ogilvy here

23 hours ago

Premier League advertising increases as Bundesliga ...

Per game advertising increases to more than 11 minutes for the England's top division while Germany sees a dip down to five minutes

23 hours ago

Weekend Laugh: Producer's Diary by Dalbir Singh

The co-founder of Kiss Films presents his weekly sketches for Campaign India