Acquisitions2 Mar 2026, 02:23 pm
Adcounty Media India Ltd Acquires 99.95% Stake in Adaxx Adtech & Media LLP for Rs. 10 Crores
AI Summary
Adcounty Media India Limited has acquired a 99.95% stake in Adaxx Adtech & Media LLP by way of capital contribution. The total contribution is Rs. 10,00,00,000/- (Rupees Ten Crores Only) with the remaining Rs. 50,000/- held by existing partners. Adaxx Adtech & Media LLP has a total income of Rs. 2,16,65,335.11 and total assets of Rs. 1,20,46,258.12 as on March 31, 2025. The acquisition is in line with Adcounty's strategy to expand and strengthen its advertising and media services business.
Key Highlights
- Adcounty Media India Ltd has acquired a 99.95% stake in Adaxx Adtech & Media LLP for Rs. 10 Crores.
- The acquisition is in line with Adcounty's strategy to expand and strengthen its advertising and media services business.
- Adaxx Adtech & Media LLP has a total income of Rs. 2,16,65,335.11 and total assets of Rs. 1,20,46,258.12 as on March 31, 2025.
- Adaxx Adtech & Media LLP was incorporated on November 17, 2021, and is engaged in the business of advertising and media services.