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Quint Digital Media MD Raghav Bahl Resigns

Quint Digital Media MD Raghav Bahl Resigns

Raghav Bahl has resigned as Quint Digital Media Ltd's Managing Director. In a statement provided to the Bombay Stock Exchange, the company informed that Bahl will continue to serve as a non-executive promoter director on the Board of Quint Digital.

 

The statement said, “In terms of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the “LODR Regulations"), we would like to inform you that Mr. Raghav Bahl has resigned as the Managing Director of the Company w.e.f. closure of business hours of December 29, 2020. Further Mr. Raghav Bahl will continue to act as Non-Executive Promoter Director on the Board of the Company." 

 

Bahl cofounded Quintillion Media with his wife Ritu Kapur and signed a joint venture agreement with the US financial, software, data and media company, Bloomberg LP. 

 

Later, Bahl bought a controlling share in Gaurav Mercantiles and Quintillion Media’s digital news business was then transferred to this company and the name of the company was changed to Quint Digital Media. It was later listed on the BSE. The company has three digital platforms - thequint.com. hindi.thequint.com, and fit.thequint.com.

 

Bahl is a serial entrepreneur and founded the Network18 group in the 1990s. Under Bahl’s leadership, the company forged joint ventures with CNBC, Forbes, A&E Networks, Viacom, and Time Warner. 

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