Quint Digital Ltd Share Price

History of Quint Digital Ltd

Quint Digital Limited was formerly incorporated in the name of 'Gaurav Mercantiles Limited' on May 31, 1985. The Company name was changed from Gaurav Mercantiles Limited to Quint Digital Media Limited on May 6, 2020 and further to Quint Digital Limited on October 26, 2023. Initially, the Company engaged in ship breaking, trading and investment business. At present, it is primarily engaged in the business of running websites through web, digital or mobile media and which may include various information including current affairs, lifestyle, entertainment etc. The Quint, launched in March 2015, is India's fastest growing pure-play digital news and views platform. Mobile-first and highly interactive, Company bring a distinctive combination of compelling, credible, and community driven journ ...alism blended with innovative, visually powerful storytelling formats - to deliver incisive takes on politics, policy, gender, entertainment, sports, health and wellness, web culture, and more. With its flagship product, TheQuint.com in English and Hindi (hindi.thequint.com), The Quint has pioneered a new form of mobile-first, social-native digital journalism and storytelling. The Company altered its main objects specified under the Memorandum of Association to undertake media and entertainment business with the prior approval of shareholders on May 12, 2019. Further, the Board of Directors vide their meeting held on July 17, 2019, discussed the preliminary proposal to acquire the digital content business of Quintillion Media Private Limited, a company owned and controlled by MR. Raghav Bahl and Ms. Ritu Kapur, which is being operated under brand name of 'The Quint'. After obtaining the prior approval of Audit Committee on May 6, 2020, the Board of Directors of the Company approved the proposal of acquisition of the Digital Business in their meeting held on May 6, 2020 and entered into a Business Transfer Agreement with Quintillion Media Private Limited, which runs and operates three digital platforms under digital content business i.e. 'www.thequint.com', 'www.hindi.thequint.com' and 'www.fit.thequint.com' Approval of the shareholders was also obtained through Postal Ballot dated June 14, 2020. In accordance with the aforesaid approvals, the Company duly acquired the Digital Business on July 1, 2020, operated under the name and brand name of The Quint' (www.thequint.com), from Quintillion Media Private Limited and commenced the relevant operations on a going-concern basis. In 2021-22, the Company acquired 100% stake in Quintillion Media Limited and 47.92% stake in Spunklane Media Private Limited effective from January 19, 2022 , making them the wholly owned subsidiaries of the Company. During FY 2022-23, Company served 130 publishers, delivering 800 million page views per month and publishing 500,000 unique stories in 150 languages. Company has expanded its reach, increased its market share in its primary digital news media operations, accelerated the expansion of its media business, and maintained its innovation momentum in FY 2023. In 2024, Company acquired a majority stake of 12.42% in LEE Enterprises. It established a new wholly owned subsidiary, Global Media Technologies Inc.' on February 21, 2024. The Company, via its wholly owned subsidiary viz Global Media Technologies Inc., has entered into a binding term sheet with Cognita Ventures LLC on February 27, 2024, for setting up a Joint Venture (50:50) in the name of Quintype Technologies Inc. Further on March 1, 2024, QT Inc. acquired the entire business operations of New York headquartered Listen First Media LLC, a leading social media analytics and insights platform with several Fortune 500 clients in the media and entertainment, gaming, and other industry verticals. On April 8, 2024, Global Media Technologies Inc. entered into a Common Stock Purchase Agreement and Shareholders Agreement and acquired 50% stake in QT Inc. The Company acquired 77.5% stake in Shvaas Creations Private Limited, making it a subsidiary on February 7, 2025. In 2023-24, the Company got merged with Quintillion Media Limited, a wholly owned subsidiary, making the Scheme effective from March 28, 2025. .