Moser Baer, world's second largest manufacturer of Optical Storage media, announced that it has decided to invest an amount of Rs 1.02 million to get hold of 51% of the equity shares in Lumen Engineering.

Established in 1990, Lumen Engineering Consulting Co. Ltd. provides services in various industrial fields such as electronic, electrical and mechanical industry.

Whereas, Moser Bear is engaged in the manufacture of recordable compact discs (CD-R), rewritable compact discs (CD-RW), pre-recorded CD/DVD, digital versatile discs (DVD-R) rewritable digital versatile discs (DVD-RW) and LightScribe enabled media in its optical storage solutions.

Shares of Moser Baer closed at Rs 90, down 3.05 per cent on National Stock Exchange (NSE). The total volume of shares traded was 1,031,877 at the NSE.