When Gautam Adani's flagship Indian conglomerate Adani Group bought India’s NDTV, there were renewed calls for regulation of media ownership in the country.

Now Adani has said the company – which owns Australia’s Carmichael coal mine, itself the subject of protests – will buy the 51 per cent of Quintillion Business Media it does not already own.

The company operates business and financial news digital media platform BQ Prime, known as Bloomberg Quint when it was a – now dissolved – joint venture with US-based Bloomberg Media.

Adani paid 478.4 million Indian rupees (A$8.95 million) for a 49 per cent stake in Quintillion in March last year, following up with the almost 65 per cent share of NDTV last December.

Quintillion Business Media will become a wholly-owned subsidiary of Adani’s AMG Media Networks. Adani’s Australian operations were the subject of an Australian Financial Review investigation in March.

See also: ‘Unlearning’ experience a winner for TheQuint on GXpress.net

Pictured: Ritu Kapur, who founded The Quint with her husband Raghav Bahl, has been a regular speaker at industry events (Photo: GXpress)