Innovana Thinklabs Limited (NSEI:INNOVANA) agreed to acquire 25% stake in Adcounty Media India Private Limited for INR 4.4 million on February 12, 2024. The consideration consists of INR 4.4 million in cash. As part of the consideration, INR 4.4 million was paid towards common equity.

The board of directors of Innovana Thinklabs Limited (NSEI:INNOVANA) approved the acquisition. Adcounty Media India Private Limited reported the total revenue of approximately 540 for the year ended March 31, 2023.The transaction is expected to be completed within 30 days.