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Lucent Industries inks pact for acquisition of 100% equity shares of MMPL
Sep-04-2025

Lucent Industries has entered into a share purchase agreement with Mobavenue Media (MMPL) and its existing shareholders for the acquisition of 100% equity shares of MMPL. The proposed acquisition is to streamline operations, enhance business synergies, and achieve greater operational efficiencies while ensuring the maximization of stakeholder value. The consolidation of their operations will enable seamless integration of their expertise, technological capabilities, and market strategies. 

Mobavenue Media is an AI-powered, cloud-based advertising and consumer growth technology company. Mobavenue has presence in India and other countries like Singapore, Russia, United Arab Emirates, Australia, United Kingdom, United States of America, Indonesia, Malaysia.

Earlier, the Board of Directors of the company at their meeting held on July 02, 2025, had approved the acquisition of 100% equity shares of MMPL. Also, the shareholders of the company have granted their approval pursuant to the ordinary resolution passed through postal ballot on August 29, 2025.

Lucent Industries is into buying, selling, supplying, Marketing, trading and dealing in all types of goods on retail and wholesale basis.

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