Private equity advisory firm Jacob Ballas Capital India has acquired an additional 1.7 percent stake in India-listed theme parks operator Adlabs Entertainment for INR110 million (approximately US$1.6 million), bringing its total stake in the company to six percent. Jacob Ballas, which had previously acquired shares in the company in 2014 and 2016, invested through NYLIM Jacob Ballas India Holdings IV. Adlabs Entertainment operates theme, snow and water parks under the brand Adlabs Imagica, as well as hotels in Mumbai and Pune.