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* - Tentative Dates
The Company proposes to utilize the Net Proceeds towards funding the following Objects:
1. Towards exercise of the call option under the Quintype SHA.
2. Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 100% shares and securities of QML in accordance with the QML SPA.
3. Payment of the remaining purchase price to RB Diversified for acquisition of 100% shares and securities of QML in accordance with the QML SPA.
4. Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 47.92% stake in Spunklane Media in accordance with the Spunklane SPA.
5. Pre- payment / repayment of loans; and 6. General Corporate Purposes.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 140.53 | 73.59 | -81.92 |
| 31-Mar-21 | 114.29 | 39.16 | -61.12 |
| 31-Mar-22 | 106.74 | 61.53 | -24.87 |
| Amount in ₹ Crore | |||
Quint Digital Media Limited was originally incorporated as "Gaurav Mercantiles Limited" at New Delhi on May 31, 1985. The digital media platforms of the Company disseminates news, opinions, and current affairs content on India and the world covering multiple categories such as governance, politics, economy, business, entertainment, sports, technology, education, lifestyle, health and fitness, gender issues, and more.
Quint Ltd acquired the digital content business, being operated under the brand name of "The Quint", of QML, a company under common control in accordance with IND AS, pursuant to the Business Transfer Agreement dated May 06, 2020. The company entered into the QMP SPA to acquire 100% equity shares and securities of QML including its underlying stake in QBML, Quintype India and YKA Media. Further, the Company also entered into the Spunklane SPA acquire 47.92% stake in Spunklane Media.
Each of the digital media platforms also has its own social media channels on all major platforms including Facebook, Instagram, YouTube, Twitter, and more. The social media channels have a substantial number of followers or subscribers and a sizeable part of the total engagement and views generated by the Company are on social media.
