AGI Greenpac Limited has officially finalized its second tranche of investment in Madoverbuilding AI Private Limited (MOB AI). With this transaction, the company has secured a cumulative 19.75% stake in the B2B online marketplace. This move is part of the company’s broader strategy to integrate emerging technologies into its core operations, allowing it to gain equity exposure to innovative business models that complement its established industrial presence.
Investment Details
The investment process concluded on April 22, 2026, following the approval of security allotments by the Board of Directors of MOB AI. The acquisition was executed in two phases, with the initial tranche completed on May 30, 2025. The total consideration for the 19.75% stake stands at INR 4.43 crore, specifically INR 4,42,95,193.28 across both tranches.
Strategic Rationale
By acquiring this stake, AGI Greenpac is positioning itself within the digital commerce ecosystem. MOB AI specializes in building e-commerce platforms, integrating lending technologies, and providing warehousing and logistics solutions for construction and interior materials. This acquisition aligns with the company’s intent to diversify its influence by supporting ventures that drive technological advancement in supply chain and marketplace dynamics.
Target Entity Performance
Established on December 21, 2021, MOB AI has shown significant development over the last three fiscal years. Its turnover grew from INR 1.48 crore in FY 2022-23 to INR 3.25 crore in FY 2024-25. This performance, coupled with its focus on modernizing infrastructure procurement, makes it a key strategic partner as AGI Greenpac continues to pursue innovative growth avenues.
Source: BSE
