Quintillion Business Media is engaged in the business of operating business and financial news on the digital media platform bqprime.com. QMBL has authorized share capital and paid-up share capital of Rs 266.60 crore and Rs 260.62 crore, respectively. It reported a turnover of Rs 15.89 crore in FY2021-22.

On 13 May 2022, AMNL had signed a share purchase agreement with Quintillion Media, QBML, and Quint Digital Media to acquire 49% stake in QBML.

The acquisition was completed on 27 March 2023, in all cash consideration.

The company stated that the acquisition is of strategic nature in the interest of AMNL.

Adani Enterprises is the flagship company of Adani Group, one of India's largest business conglomerates. The company's business investments are centred on the fields of airport management, technology parks, roads, data centre and water infrastructure.

The company reported consolidated net profit of Rs 820.06 crore in Q3 FY23 as against a net loss of Rs 11.63 crore posted in Q3 FY22. Revenue from operations jumped 41.87% year on year (YoY) to Rs 26,612.23 crore in the quarter ended 31 December 2022.

Shares of Adani Enterprises tumbled 5.73% to Rs 1,624.50 on the BSE.