Acquisitions4 Sept 2025, 12:36 pm
Lucent Industries Acquires Mobavenue Media Private Limited for INR 59.68 Crores
AI Summary
Lucent Industries Limited has executed a Share Purchase Agreement with Mobavenue Media Private Limited and its existing shareholders for the acquisition of 100% equity shares. The acquisition was approved by the shareholders through an ordinary resolution passed via postal ballot on August 29, 2025. Mobavenue Media Private Limited is an AJ-powered, cloud-based advertising and consumer growth technology company, with a total income of INR 9,828.33 crores in FY 2023-24. The acquisition is expected to streamline business operations, enhance business synergies, achieve greater operational efficiencies, and maximize stakeholder value.
Key Highlights
- Lucent Industries to acquire 100% equity shares of Mobavenue Media Private Limited
- Acquisition approved by shareholders through an ordinary resolution passed via postal ballot
- Mobavenue Media Private Limited is an AJ-powered, cloud-based advertising and consumer growth technology company
- The acquisition is expected to streamline business operations and enhance business synergies
- The deal is valued at approximately INR 59.68 crores