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Will a little-known ship breaker help Raghav Bahl raise funds from the market?

Bahl-promoted digital-media startup explores reverse merger for listing even as several central agencies probe various aspects of the business.
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nsundareshasubramanian
5 Jul 2019 7 Mins Read 0 comment
Raghav Bahl speaks at the Taj Lands End, Mumbai after the launch of his book Superpower? on August 26, 2010. Getty Images
Raghav Bahl speaks at the Taj Lands End, Mumbai after the launch of his book Superpower? on August 26, 2010.
Raghav Bahl, media mogul and a man of many a creative deal in the past, including the three-way transaction to sell the Network18 group to Mukesh Ambani’s Reliance Industries, has embarked on another ambitious journey. If he succeeds, it will put his five-year-old digital media startup Quintillion Media on a different orbit, opening up new funding opportunities. While there
the approvals allow allotment of 2 million CCPS and 14.5 million equity warrants at the acquisition price of INR42.5 apiece. Total infusion at this price would amount to around INR70 crore. On Thursday, Gaurav Mercantiles shares were locked at the upper circuit at INR134.30 on the BSE. (Research support by Rochelle Britto) ( Graphics by Sadhana Saxena)
Raghav Bahl, media mogul and a man of many a creative deal in the past, including the three-way transaction to sell the Network18 group to Mukesh Ambani’s Reliance Industries, has embarked on another ambitious journey. If he succeeds, it will put his five-year-old digital media startup Quintillion Media on a different orbit, opening up new funding opportunities. While there the approvals allow allotment of 2 million CCPS and 14.5 million equity warrants at the acquisition price of INR42.5 apiece. Total infusion at this price would amount to around INR70 crore. On Thursday, Gaurav Mercantiles shares were locked at the upper circuit at INR134.30 on the BSE. (Research support by Rochelle Britto) ( Graphics by Sadhana Saxena)

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