Lucent Industries Ltd. to Acquire Mobavenue Media, Changes Name in Strategic Shift

Lucent Industries Ltd. announced the outcome of its Board Meeting held on 2nd July, 2025. The company approved an investment in Mobavenue Media Private Limited through the acquisition of 100% equity shares from existing shareholders. This decision replaces the earlier plan to amalgamate with Mobavenue. Lucent Industries also announced a change in its name and consequent alterations in the Memorandum of Association and Articles of Association. Mobavenue is an AI-powered, cloud-based advertising and consumer growth technology company. The acquisition is expected to streamline operations, enhance business synergies, and achieve greater operational efficiencies. It will also lead to cost savings, improved financial stability, and long-term value for shareholders.