Acquisitions20 Sept 2025, 09:00 am
Lucent Industries Ltd Completes 100% Acquisition of Mobavenue Media Private Limited
AI Summary
Lucent Industries Ltd has successfully completed the acquisition of 100% paid-up share capital of Mobavenue Media Private Limited for an amount not exceeding INR 59.68 crores. The acquisition was completed on 19th September 2025, making Mobavenue a wholly owned subsidiary of Lucent Industries Ltd. The transaction was carried out on the terms and conditions set out in the Share Purchase Agreement between Lucent Industries Ltd and the sellers, Mr. Kunal Kothari, Ms. Prachi, and Mr. Tejas Rathod.
Key Highlights
- Lucent Industries Ltd completes 100% acquisition of Mobavenue Media Private Limited
- Total acquisition amount is not exceeding INR 59.68 crores
- Acquisition completed on 19th September 2025
- Mobavenue is now a wholly owned subsidiary of Lucent Industries Ltd
- Transaction executed in accordance with Share Purchase Agreement between Lucent Industries Ltd and sellers