Quint Digital Limited has announced a significant expansion into the food and cultural market space with the launch of India's first Time Out Market at Worldmark Aerocity, New Delhi. The announcement, made through a regulatory filing under Regulation 30, marks a major milestone in the company's franchise agreement with Time Out Group plc.

Market Details and Location

Time Out Market Delhi will be strategically located at 5 Worldmark, Aerocity, within the new phase of Worldmark development that spans approximately 17 million sq ft. The location is positioned as the country's finest Global Business District, situated immediately adjacent to the Indira Gandhi International Airport, one of the world's busiest airports.

Facility Features and Concept

The Time Out Market Delhi will bring together a tightly curated ensemble of culinary and cultural experiences. The facility will include a private events space, a live performance stage, and seating for around 500 guests. The curation strategy focuses on craft, credibility, and cultural relevance, bringing together chefs and concepts that shape the city's food story.

The market will feature a dynamic mix of the city's finest culinary and cultural talent, including:

• Award-winning chefs and iconic institutions
• Exciting new voices in the culinary scene
• Much-loved local favourites
• Restaurateurs participating in a globally recognised platform

Strategic Partnership and Expansion Plans

This launch builds on QDL's multi-channel collaboration with Time Out Group plc, which was announced in May 2025. The partnership includes the launch of timeout.com/india alongside social and video platforms, creating a digital destination designed as the ultimate guide to India's cities. This digital launch is scheduled for mid-February 2026.

Quint Digital Limited holds exclusive options to explore opportunities in India on behalf of Time Out Group plc to invest in, open, and operate additional Time Out Markets across the country. The company aims to progressively expand the Time Out Market footprint in India, introducing culinary, cultural, and community-driven destinations to key cities.

Management Commentary

Ritu Kapur, Managing Director and CEO of QDL, stated that Delhi was the natural starting point for Time Out Market in India, citing the city's scale, diversity, and energy as setting the template for nationwide expansion.

Raghav Bahl, Director and Promoter of QDL, highlighted how the partnership combines Time Out's proven global model with QDL's strengths in content, digital publishing, and AI through The Quint, Quintype, and ListenFirst Media.

Chris Ohlund, CEO of Time Out Group plc, noted that the company expanded its Time Out Market portfolio by opening three new sites each in 2024 and 2025, with an additional five currently under development. He emphasised that this franchise agreement allows Time Out to expand its brand and build a strong digital-physical platform in India.

About the Companies

Quint Digital Limited is India's leading digital and media-tech, AI-focused company that creates innovative ideas in the digital space with cutting-edge technology. The company holds a significant minority stake in Lee Enterprises, Inc. and recently strengthened its capabilities through the acquisition of ListenFirst Media, a premium social media and digital analytics platform.

Time Out Group is a global brand that launched in London in 1968 and operates across over 350 cities in over 50 countries. Time Out Market represents the world's first editorially curated food and cultural market, with open markets in over 10 cities including Lisbon, New York, and Dubai.

Source:

Quint Digital Limited has successfully completed its strategic acquisition of a significant stake in Lee Enterprises, Incorporated, marking a notable expansion into the American media market. The company announced the completion of this transaction on February 6, 2026, following its initial intimation dated December 30, 2025.

Acquisition Details

The acquisition involved the purchase of 2,451,346 common shares in Lee Enterprises through a private placement offer. The transaction details are structured as follows:

About Lee Enterprises

Lee Enterprises, Incorporated is a Delaware corporation listed on NASDAQ under the ticker LEE. The company operates as a major subscription and advertising platform and serves as a leading provider of local news and information through daily newspapers and rapidly growing digital products.

Financial Performance

Lee Enterprises has demonstrated substantial revenue generation over the past three years:

Strategic Rationale

The acquisition aligns with both companies' operational objectives in the media and publishing industry. The funds from this investment will be utilized by Lee Enterprises for working capital and general corporate purposes, including payment of customary fees. This transaction does not constitute a related party transaction, and no promoter or group companies have any interest in the acquired entity.

Company Background

Lee Enterprises, headquartered in Davenport, Iowa, has established itself as a leading provider of trusted local news and information, complemented by fast-growing digital media and advertising platforms. Founded in 1890, the company has a rich history of innovation and community service, including pioneering computer-based newspaper production in 1973. The company offers a comprehensive suite of digital marketing services, content management solutions, and custom content creation on a national scale, consistently ranking among top performers in its industry.

The acquisition has been completed without requiring any governmental or regulatory approvals, and the transaction was executed entirely through cash consideration. This strategic investment represents Quint Digital Limited's continued expansion in the media sector and strengthens its presence in the American market through partnership with an established industry leader.