Acquisitions4 Sept 2025, 08:31 am
Lucent Industries Acquires Mobavenue Media for INR 59.68 Crores
AI Summary
Lucent Industries Ltd. has executed a share purchase agreement with Mobavenue Media Private Limited (MMPL) and its shareholders, following shareholder approval through a postal ballot. The acquisition, valued at approximately INR 59.68 crores, will provide Lucent Industries with 100% equity shares of MMPL, an AJ-powered, cloud-based advertising and consumer growth technology company. The acquisition aims to streamline business operations, enhance synergies, achieve greater operational efficiencies, and maximize stakeholder value.
Key Highlights
- Lucent Industries to acquire Mobavenue Media Private Limited for INR 59.68 crores.
- Mobavenue is a cloud-based advertising and consumer growth technology company.
- The acquisition aims to enhance business synergies and achieve greater operational efficiencies.
- Mobavenue's advanced consumer intelligence platforms help marketers connect with consumers.
- The acquisition is expected to generate long-term value for shareholders.