Quint gets listed via little-known trading firm promoted by Raghav Bahl

In a related-party transaction, Raghav Bahl transfers digital content business from an unlisted firm to a listed one

BSE-listed Gaurav Mercantiles, which was earlier into trading and shipbreaking, has not made a single rupee of revenue from operations since the March 2018 quarter, but its stock price has shot up six times in the past year — from around Rs 40 to Rs 262.50 on Wednesday.
 

The reason for the steep appreciation is a change of hands and the entry into a new business. Raghav Bahl, who had founded the Network18 Group that was later acquired by Reliance Industries, bought 66.42 per cent stake at Rs 42.50 a share for Rs 5.6 crore in Gaurav Mercantiles from its