FILE PHOTO: Indian billionaire Gautam Adani speaks during an interview with Reuters at his office in the western Indian city of Ahmedabad in this April 2, 2014 . REUTERS/Amit Dave
NEW DELHI (Reuters) - India's Adani Group is taking a minority stake in local digital business news platform Quintillion, the companies said in statement on Tuesday, marking billionaire Gautam Adani's first bet in the news industry.
The relationship between Adani Media Ventures and Quintillion "marks a strong beginning of Adani Group’s foray into Indian media," the statement said, without quantifying the stake Adani was taking.
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