Quint Digital Media Rights Issue will open for subscription from 09 January 2023. the company aims for an issue size of ₹125 Crores through this rights Issue.
Quint Digital Media Ltd
Incorporated in 1985, Quint Digital Media Ltd presently operates in the M & E-business through its presence in the digital news media segment with three leading digital media platforms viz.: “www.thequint.com” “www.hindi.thequint.com” and www.thequint.com/fit.
The digital media platforms of the Company disseminate 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. The Company is India’s only pureplay digital news media player.
Objectives of the Issue
- Towards exercise of the call option under the Quintype SHA.
- Payment of the remaining purchase price to Mr. Raghav Bahl for the acquisition of 100% shares and securities of QML in accordance with the QML SPA.
- Payment of the remaining purchase price to RB Diversified for the acquisition of 100% of shares and securities of QML in accordance with the QML SPA.
- Payment of the remaining purchase price to Mr. Raghav Bahl for the acquisition of a 47.92% stake in Spunklane Media in accordance with the Spunklane SPA.
- Pre-payment/repayment of loans; and 6. General Corporate Purposes.
Issue Timetable
| Record Date | 22 December 2022 |
| Credit of Rights Entitlements | – |
| Bid/Offer Opens On | 09 January 2023 |
| Renunciation of Rights Entitlements | 13 January 2023 |
| Bid/Offer Closes On | 24 January 2023 |
| Deemed Date of Allotment | 31 January 2023 |
| Credit Date | 01 February 2023 |
| Listing Date | 03 February 2023 |
Quint Digital Media Rights Issue 2022 Details
| Issue Open | Jan 9, 2023 – Jan 24, 2023 |
| Security Name | Quint Digital Media Ltd |
| Issue Size (Shares) | 25,000,000 |
| Issue Size (Amount) | ₹125.00 Crores |
| Issue Price | ₹50 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Rs. 50/- per Rights Equity Share payable on application. |
| Entitlement | 42 Rights Share for every 37 Equity Shares held as on Record Date |
Company Financials
| 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 |
Rights Issue Lead Manager(s)
- Choice Capital Advisors Pvt Ltd
Quint Digital Media Rights Issue Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: subhashdhingreja@skylinerta.com
Website: https://www.skylinerta.com/
Company Contact Information
Quint Digital Media Ltd
403, Prabhat Kiran, 17,
Rajendra Place, Delhi
110 008
Phone: +91 011 4514 2374
Email: cs@thequint.com
Website: http://www.quintdigitalmedia.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
