ThinkInk Picturez expands footprint with new acquisition

ThinkInk Picturez is expanding its horizon with a new acquisition. The company has informed exchanges that it has acquired a new entity in Dubai, named "Think Star Entertainment Technology LLC," which will operate as a wholly-owned subsidiary.

"Think Star Entertainment Technology LLC will specialize in a broad spectrum of services, including VFX creation, content production on contract, studio and equipment renting services. This expansion not only strengthens our capabilities in the burgeoning field of visual effects but also positions us as a versatile content creator catering to a global audience," the company said in a release. 

The company also said that it will be diving into the Korean Drama genre through its Dubai-based subsidiary. According to the company, the acquisition comes at a time when the global popularity of Korean dramas is soaring. 

Meanwhile, the company registered a revenue increase of 145.99 per cent and a profit rise of 46.58 per cent to Rs 4.45 Crores YoY. 

In addition to its strategic expansion and contract acquisition, Thinkink Picturez Ltd recently declared a dividend of Rs 3 per share.