Update on Acquisition.
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 (now known as Lucent Industries Ltd) has completed the acquisition of 100% equity stake in Mobavenue Media Private Limited on September 19, 2025. The company purchased 10,309 fully paid-up equity shares of face value ₹10 each from sellers including Kunal Kothari, Prachi, and Tejas Rathod through a Share Purchase Agreement. The total strategic investment is capped at ₹59.68 crores in cash, payable in one or more tranches. With this acquisition, Mobavenue Media has become a wholly owned subsidiary of the company. The acquisition was first announced in earlier intimations dated July 2, 2025, and September 4, 2025.
This is a significant inorganic growth move for the company, fully consolidating Mobavenue Media as a subsidiary, which could expand the company's digital/media business portfolio. Shareholders should watch for how this subsidiary contributes to revenue and whether the ₹59.68 crore investment delivers expected returns over coming quarters.