Innovana Thinklabs has received approval for the acquisition of 0.30% equity stake in Mount Everest Breweries. The investment is being made as a strategic financial investment with the objective of creating long-term value for the company. The acquisition is expected to provide an opportunity to participate in the future growth of the target entity and diversify the company's investment portfolio. The acquisition does not result in acquisition of control or management rights in the target entity.
Cost of acquisition is Rs 3 crore. The said acquisition is expected to be completed in 1 month. The Board of Directors of the company, at its meeting held on July 21, 2026, has approved the same.
Innovana Thinklabs designs, develops and maintains software systems and solutions, create new applications and enhance the functionality of its customers’ existing software products.
