Top M&As in 2023: Deloitte highlights a 45 per cent jump in M&As within the consumer sector, driven by Reliance Retail s strategic acquisitions like Ed-a-Mamma. Bain & Company emphasises the growing prominence of digital content play with Saregama s Pocket Aces acquisition.
Adani had forayed into media business in March last year when it acquired Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. It thereafter in December took nearly 65 per cent stake in broadcaster NDTV
In a regulatory filing, Adani Enterprises the firm that holds the group s media interest said its subsidiary AMG Media Networks Ltd has acquired a 50.50 per cent stake constituting equity shares of IANS India Pvt Ltd.