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Innovana Thinklabs Ltd. ( (IN:INNOVANA) ) has provided an update.
Innovana Thinklabs Limited, through its wholly owned subsidiary Innovana Infrastructure Limited, has acquired a 43% stake in the newly formed Innovana Real Estate Private Limited. This acquisition marks Innovana’s entry into the real estate sector, expanding its business portfolio beyond its existing operations. The acquisition is conducted as a related party transaction, with the subscription to share capital being on an arm’s length basis. This strategic move could potentially diversify Innovana’s business interests and enhance its market positioning.
More about Innovana Thinklabs Ltd.
Average Trading Volume: 5,525
Technical Sentiment Signal: Buy
Current Market Cap: 9.52B INR
Learn more about INNOVANA stock on TipRanks’ Stock Analysis page.