Innovana Thinklabs Limited has informed the Exchange about Acquisition
INNOVANA · price
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Innovana Thinklabs Limited has acquired a 65% stake in Innovana Green Energy Private Limited, a newly incorporated subsidiary in the solar energy business. The deal was done for a cash consideration of Rs. 65,000, by subscribing to 6,500 equity shares at a face value of Rs. 10 each. The target company has an authorized and paid-up capital of Rs. 1 Lakh and has no turnover yet, as it was recently incorporated. The acquisition marks Innovana's entry into the rooftop solar, solar EPC, and renewable energy space, which is outside its current core line of business. The transaction is a related-party deal, but promoters have no interest beyond their existing shareholding in the listed entity.
This is a small, initial-step acquisition for retail investors — a new subsidiary with minimal capital and no revenue history, so financial impact is negligible in the near term. However, it signals the company's intent to diversify into the high-growth solar and renewable energy sector, which could be a positive long-term strategic move.