Acetech E-Commerce Limited Approves Acquisition of LumiArt Digital Assets for Business Expansion
Acetech E-Commerce Limited announced that its Board of Directors approved an Asset Purchase Agreement to acquire the digital assets and rights associated with the e-commerce business trading as LumiArt. The acquisition involves purchasing the platform located at https://lumiart.design/, which specializes in selling lighting products.The Board's strategic objective with this acquisition is to expand the product range by incorporating new and innovative decor items that maintain the brand's established aesthetic and quality standards. The company plans to boost revenue growth and strengthen its financial performance by utilizing highly targeted digital marketing strategies aimed at key international markets, including the United States, Europe, and the UAE. Furthermore, the board emphasized a focus on building efficient logistics and supply chain systems to guarantee a superior worldwide customer experience.
The Board of Directors considered and approved the proposal for executing this Asset Purchase Agreement during a meeting held on April 08, 2026.
Key details regarding the acquisition are provided below:
| Particulars | Description |
|---|---|
| Target Entity Location | United Arab Emirates, with the e-commerce platform operating in Netherlands and other parts of Europe. |
| Industry | E-Commerce business Trading Platform, catering to a global audience. |
| Object of Acquisition | To expand the current business operations. |
| Consideration Nature | Cash Consideration, payable through a proper banking channel. |
| Cost of Acquisition | USD $ 333,776 (US Dollars Three Hundred Thirty- Three Thousand Seven Hundred and Seventy-Six Only). |
| Control Acquired | 100% Control of the business Trading Platform, ie https://lumiart.design/. |
| Timeline for Completion | The acquisition is expected to be completed within 30 days. |
The Board meeting commenced at 03:30 P.M. (IST) and concluded at 04:00 P.M. (IST).
ACETEC Stock Price Movement
Shares of Acetech E-Commerce Limited today slipped by 0.92% to settle at ₹134. The stock traded on a volume of 8,400 shares during the session.Source:
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