Innovana Thinklabs Limited has informed the Exchange about Diversification/Disinvestment_Intimation of Share Issuance by Subsidiary - Innovana Astro Services Limited
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Awaiting price reaction for this filing.
Innovana Thinklabs Limited informed the exchanges that its subsidiary, Innovana Astro Services Limited, issued new equity shares to outside investors (not from the promoter group). As a result, the parent company's holding in the subsidiary has been reduced from 92.01% to 86.03%, a dilution of about 6 percentage points. The subsidiary issued shares at ₹40,000 per share (face value ₹10) for an aggregate consideration of approximately ₹15.09 crore, completed on the same day (August 14, 2025). For context, the subsidiary contributed a turnover of about ₹16.4 crore, total income of ₹16.7 crore, and a net worth of ₹1.75 crore to Innovana Thinklabs' consolidated FY25 figures, indicating it is a meaningful part of the group's operations. The transaction is not a related party deal, and the buyers are independent of the promoter group.
This is a minor dilution event — Innovana Thinklabs remains the majority owner (86.03%) of the subsidiary. The subsidiary has raised fresh capital (~₹15 crore) to fund its growth, which is a positive sign. For shareholders, the per-share value impact of the 6% stake dilution is likely small, though the listed entity has lost a slice of future earnings from the subsidiary.