Mobavenue AI Tech Board Approves ~ ₹100 Crore Capital Raise to Support Strategic Acquisitions, Technology Enhancement, and Market Expansion

Mobavenue AI Tech Limited (formerly known as Lucent Industries Limited), an AI-Powered Tech platform driving digital growth for businesses, announced that its Board of Directors has approved raising ~ ₹100 crore* through a preferential issue of 9,19,117 equity shares, subject to shareholder and regulatory approvals, in its meeting held on November 21, 2025.

The capital infusion marks a pivotal step in Mobavenue's long-term growth strategy, equipping the company to accelerate innovation and scale with greater agility. The funds will enable Mobavenue to deepen its AI and data intelligence capabilities, enhance its product and platform portfolio, and strengthen operational readiness for expansion across both domestic and international markets.

In addition, the company will evaluate selective, value-enhancing acquisitions that complement its vision of building a holistic, future-ready digital marketing and media technology ecosystem. Together, these investments are designed to reinforce Mobavenue's competitive edge and propel its transformation into a global leader in AI-powered advertising, media, and consumer growth solutions.

Reflecting on the development, Mr. Ishank Joshi, Managing Director & CEO of Mobavenue AI Tech Limited, said, "This capital raise represents an important milestone for us and a strong endorsement of our vision. The ~₹100 crore infusion will empower us to accelerate our technology roadmap, strengthen our AI-led product ecosystem, and expand our presence across key global markets. We also intend to explore selective, strategic acquisitions that enhance our capabilities and align with our longterm mission. As we continue to strengthen our AI-powered tech platforms that drive digital growth for businesses, Mobavenue remains committed to reshaping how businesses engage with consumers worldwide."

The move signals strong investor confidence in Mobavenue's technology-led business model and its rapidly evolving position in the global AI-driven advertising, media and consumer growth ecosystem. As digital advertising undergoes a profound shift towards automation, intelligence, and measurable performance, Mobavenue aims to leverage this infusion to accelerate product innovation, broaden its technology moat, and deepen its international footprint.

*The company has raised exactly Rs. 99,99,99,296/- by issuing shares at a price of Rs. 1,088/- per share.

Shares of Mobavenue AI Tech Limited was last trading in BSE at Rs. 1042.70 as compared to the previous close of Rs. 993.05. The total number of shares traded during the day was 41434 in over 448 trades.

The stock hit an intraday high of Rs. 1042.70 and intraday low of 984.50. The net turnover during the day was Rs. 41319797.00.

Source : Equity Bulls

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MobavenueAITech INE622Q01019 FundRaising INR100Crore Acquisitions