Quint Digital Media Ltd - Update On Divestment With Respect To The Intimation Dated March 1, 2022, And May 13, 2022

In terms of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Listing Regulations'), we would like to inform you that pursuant to the Memorandum of Understanding dated March 1, 2022 and the Share Purchase Agreement dated May 13, 2022 , Quintillion Media Limited (our material subsidiary) has completed the divestment of 49% stake in Quintillion Business Media Limited to AMG Media Networks Limited, a wholly owned subsidiary of Adani Enterprises Limited.