Lucent Industries Limited recently completed its strategic acquisition of Mobavenue Media Private Limited.

The company successfully acquired 10,309 fully paid-up equity shares, representing 100% of Mobavenue's paid-up share capital, from the sellers.

This strategic investment, valued at an amount not exceeding ₹59.68 crores payable in cash, makes Mobavenue a wholly-owned subsidiary of Lucent Industries.

This move significantly strengthens Lucent Industries' operational footprint and business strategy by fully integrating Mobavenue's capabilities.