Innovana Thinklabs Acquires 65% Stake In Subsidiary Innova Green Energy
By Ankur Chandra | Published at: Jun 5, 2025 04:28 PM IST
JAIPUR, June 5, 2025: Innovana Thinklabs Ltd (BSE: 544302 | NSE: INNOVANA) has announced that it has acquired a 65% stake in its newly formed subsidiary, Innovana Green Energy, with a cost of acquisition of ₹65,000 in cash for 6,500 shares.
The company announced that the acquisition is a related-party transaction due to its subsidiary nature, and the promoters of Innovana Thinklabs have no direct interest in Innovana Green Energy beyond the equity shareholding. The transaction is conducted at arm’s length and does not require any regulatory clearance.
What Are The Key Details About The Acquisition?
| Particulars | Details |
|---|---|
| Entity Acquired | Innovana Green Energy Pvt Ltd |
| Ownership Acquired | 65.00% (6,500 shares) |
| Consideration | ₹65,000 in cash |
| Nature of Transaction | Related party (subsidiary incorporation) |
| Industry Focus | Solar Energy Systems and Services |
| Regulatory Approvals Required | Not Applicable |
| Incorporation Location | Jaipur, Rajasthan, India |
Why The Acquisition?
The acquisition aligns with Innovana Thinklabs’ diversification strategy into sustainable technology and green energy solutions. Innovana Green Energy will focus on:
- Designing and maintaining rooftop solar PV systems across sectors.
- Developing and managing hybrid solar and storage projects with O&M services.
- Supplying electricity from renewable sources and executing EPC contracts.
- Manufacturing and dealing in solar components and infrastructure.
- Providing consulting and forming strategic partnerships for solar operations.
About Innovana Green Energy Pvt Ltd
Innovana Green Energy was recently incorporated with an authorised and paid-up capital of ₹1 lakh. However, the company has not yet reported any turnover. It has been established specifically to undertake solar energy initiatives and complements Innovana’s broader commitment to sustainable technology development.
How Did The Investors React To the News?
The investors reacted positively to the news as Innovana’s shares were up by 1.39%, or ₹5.05, and were trading at ₹368.35 at around 12:30 PM during the market session on June 5. The shares made an intraday high of ₹372.55 and a low of ₹364.25.
What’s Ahead?
This move marks a strategic pivot for Innovana Thinklabs, which has traditionally been known for its software products, into India’s booming renewable energy sector. With the government pushing for aggressive solar targets, the company aims to capitalise on the fast-growing demand for distributed energy solutions.
The acquisition not only strengthens Innovana’s ESG positioning but also opens new revenue streams in the clean tech domain.
REF:https://nsearchives.nseindia.com/corporate/INNOVANA_04062025194234_Announcement_under_Regulation_30__LODR__-_Acquisition.pdf
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