Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mobavenue AI Tech Ltd (formerly Lucent Industries Limited) announced that its Board of Directors has approved raising approximately ₹100 crore through a preferential issue of 9,19,117 equity shares at ₹1,088 per share, totaling exactly Rs. 99,99,99,296. The capital raise is subject to shareholder and regulatory approvals and was approved at a board meeting held on November 21, 2025. The funds will be used to strengthen AI-driven marketing platforms, enhance R&D capabilities, support international expansion, and pursue selective strategic acquisitions. The company positions this as a move to transform into a global leader in AI-powered advertising, media, and consumer growth solutions.
This is a significant capital infusion that could dilute existing shareholders but provides substantial growth capital. For shareholders, it signals management's confidence in expansion plans and could support long-term growth if the acquisitions and international expansion succeed, though near-term EPS dilution is likely.