In furtherance to intimation dated July 02, 2025 and September 04, 2025, wherein the company had informed the exchange about the strategic investment by the Company in Mobavenue Media (‘Mobavenue’) for an amount not exceeding ?59.68 crores, payable in cash, in one or more tranches (‘Acquisition’), Lucent Industries has informed that on 19th September 2025, the Company successfully completed the acquisition of 10,309 fully paid-up equity shares of face value ?10 each, representing 100% of the paid-up share capital of Mobavenue (‘Sale Shares’), from the Sellers for e.g Kunal Kothari, Prachi, Tejas Rathod, on the terms and conditions set out in the Share Purchase Agreement (‘SPA’), thereby making Mobavenue a wholly owned subsidiary of the Company. The other details of the acquisition, as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11 November 2024, were disclosed in its intimation dated September 04, 2025. In compliance with Regulation 30(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this disclosure is also being made available on the Company’s website at www.lucentindustries.in.
The above information is a part of company’s filings submitted to BSE.
