Adani Enterprises infused Rs 900 crore into media arm

Adani Enterprises invested Rs 900 crore in its wholly-owned media arm, AMG Media Networks, in the last financial year by subscribing to 90 crore 0% compulsory convertible debentures of Rs 10 each, according to the company’s annual report.

The flagship of Gautam Adani-promoted port-to-power conglomerate has been on an acquisition spree after incorporating AMG Media Networks in April 2022. The company has been actively evaluating assets in the media and entertainment sector, recognising it as a crucial growth area.