As on :
15-Sep-26 18:45
Mobavenue AI Tech Limited, formerly Lucent Industries Limited, announced its board approved a scheme of merger with its wholly owned material subsidiary, Mobavenue Media Private Limited, under sections 233 and other applicable provisions of the Companies Act, 2013. The move is intended to consolidate the business operations of both entities and create a more integrated corporate structure, following the company's transformation into an AI-native advertising and consumer growth platform from India, and is expected to improve financial strength and efficiency while maximizing shareholder value.
