Lucent Industries Limited has witnessed a substantial shift in its ownership structure as three promoter group members significantly increased their stakes in the company through a share purchase agreement.

Major Stake Increases

The three promoters who have bolstered their holdings are:

1. Kunal Kothari: Increased stake from 9.21% to 22.54%
2. Prachi: Raised holding from 9.21% to 22.53%
3. Tejas Rathod: Boosted stake from 9.21% to 22.53%

Acquisition Details

The acquisitions were executed as follows:

Open Offer Context

These acquisitions were part of a larger open offer for 39,00,000 equity shares, representing 26% of the company's share capital.

Company Overview

Lucent Industries Limited has a total equity share capital of 1,50,00,000 shares, each with a face value of Rs. 10.

Implications

This significant increase in promoter holdings could potentially impact the company's governance and decision-making processes. Shareholders and market observers will likely be watching closely to see how these changes might affect the company's strategic direction and performance.

The substantial stake increase by the promoter group members underscores their confidence in the company's prospects and may be seen as a positive signal by the market. However, it's important for investors to conduct their own analysis and consider various factors before making investment decisions.

Lucent Industries Limited (LIL) has announced the acquisition of 100% equity shares in Mobavenue Media Private Limited (MMPL) for approximately ₹60 crore in an all-cash transaction. This strategic move marks a significant expansion for Lucent Industries in the digital advertising and marketing technology sector.

Acquisition Details

The acquisition, which was initially approved by Lucent Industries' Board of Directors on July 2, 2025, received shareholder approval through a postal ballot on August 29, 2025. Following this approval, Lucent Industries signed a Share Purchase Agreement with Mobavenue Media and its existing shareholders on September 3, 2025.

Financial Aspects

The deal values Mobavenue Media at ₹57,890.00 per share, totaling approximately ₹59.68 crore. This all-cash transaction represents a complete takeover of Mobavenue Media, which will become a wholly-owned subsidiary of Lucent Industries.

About Mobavenue Media

Mobavenue Media, incorporated on November 27, 2017, is an AI-powered, cloud-based advertising and consumer growth technology company. The company specializes in digital advertising and programmatic media solutions, offering a full-stack suite that includes:

• Demand-Side Platform (DSP)
• Supply-Side Platform (SSP)
• Media buying
• Ad exchanges
• Monetization tools
• Martech solutions
• Data platforms

Mobavenue's technology is designed to help marketers connect with consumers using advanced consumer intelligence and machine learning algorithms to identify high-intent users.

Financial Performance of Mobavenue

Mobavenue Media has shown strong financial performance over the past three years:

Strategic Rationale

The acquisition is aimed at streamlining operations, enhancing business synergies, and achieving greater operational efficiencies. Key objectives include:

1. Integration of expertise, technological capabilities, and market strategies
2. Business expansion and strengthened market presence
3. Operational efficiencies through elimination of duplicative functions
4. Enhanced financial stability and improved cash flow management
5. Better fund management and cost reduction
6. Improved attractiveness to institutional and strategic investors

Management Commentary

Ishank Joshi, Managing Director & Chief Executive Officer of Lucent Industries, stated in the regulatory filing, "This acquisition aligns with our strategic vision to strengthen our position in the digital advertising and marketing technology space. By integrating Mobavenue's innovative solutions with our existing operations, we aim to create significant value for our stakeholders and enhance our competitive edge in the market."

Regulatory Compliance

The transaction has been conducted at arm's length and in compliance with all applicable laws. The company has made the necessary disclosures as required under SEBI regulations.

Conclusion

This acquisition marks a significant step for Lucent Industries in expanding its digital capabilities and market reach. As the digital advertising landscape continues to evolve, the integration of Mobavenue Media's technology and expertise is expected to position Lucent Industries for growth in this dynamic sector.