Joint Venture24 Feb 2025, 10:49 pm
Lucent Industries to Amalgamate Mobavenue Media in Major Deal
AI Summary
The Board of Directors of Lucent Industries Limited has approved a scheme of amalgamation of Mobavenue Media Private Limited into Lucent Industries Limited. The deal is subject to the sanction of the National Company Law Tribunal, Reserve Bank of India, Stock Exchanges, Securities and Exchange Board of India, shareholders, creditors, and other regulatory/statutory authorities. The amalgamation is expected to bring growth and success with state-of-the-art technology to Lucent Industries.
Key Highlights
- Lucent Industries to amalgamate Mobavenue Media
- Subject to approvals from NCLT, RBI, SEBI, shareholders, creditors, and other authorities
- Mobavenue Media is a private limited company with a mobile-first approach
- Lucent Industries is a listed public company with a focus on advertising and media agency
- Amalgamation expected to bring growth and success with state-of-the-art technology