Quint Digital shines on entering into binding franchise agreement with Time Out Group
Quint Digital is currently trading at Rs. 41.75, up by 1.30 points or 3.21% from its previous closing of Rs. 40.45 on the BSE.
The scrip opened at Rs. 45.00 and has touched a high and low of Rs. 46.89 and Rs. 41.75 respectively. So far 267 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.95 on 22-Jul-2025 and a 52 week low of Rs. 31.61 on 22-Dec-2025.
Last one week high and low of the scrip stood at Rs. 46.89 and Rs. 36.35 respectively. The current market cap of the company is Rs. 196.99 crore.
The promoters holding in the company stood at 62.60%, while Institutions and Non-Institutions held 11.77% and 25.63% respectively.
Quint Digital (Quint) has entered into a binding franchise agreement with Time Out Group plc, the global media and hospitality business, for the development and operation of Time Out Market Delhi. The agreement marks the first franchise agreement for a Time Out Market globally and follows the three-year exclusive option granted to the Quint in May 2025 to explore Time Out Market opportunities in India.
Under the franchise agreement, Quint Digital will develop, fund and operate Time Out Market Delhi in accordance with Time Out's globally recognised Market concept and operating standards. Time Out Group will generate revenue through contractual franchise fees and ongoing payments, while not contributing capital towards the development of the Market. Time Out Market Delhi will be located at 5 Worldmark, Aerocity, the new phase of the Worldmark development and is currently anticipated to open in the second half of 2026. The Market is expected to comprise around 24,500 sq ft, featuring 11 food and drink concepts alongside cultural programming and events that showcase the best of Delhi.
The agreement represents a further step in the Time Out Group's strategy to expand the Time Out Market portfolio through capital-light partnership models. The existing Market portfolio includes 13 open Markets globally, with additional locations under development.
