Lucent Industries Seeks Shareholder Approval for Major Transactions and Name Change 3 days ago
Lucent Industries Limited, an advertising and digital marketing company, has announced several proposals requiring shareholder approval via postal ballot. These include material related party transactions with MMPL, PMPL, and MGHL for advertising services and loans. The company plans to acquire 100% of Mobavenue Media Private Limited for up to ₹59.68 crore. Lucent also seeks to increase its borrowing limit to ₹250.00 crore and investment limit to ₹150.00 crore. Additionally, the company proposes changing its name to 'Mobavenue AI Tech Limited'. Shareholders can vote electronically from July 31, 2025, to August 29, 2025.