Lucent Industries Seeks Shareholder Approval for Major Transactions and Name Change
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.
14Jul 25
Lucent Industries Unveils 'OrbitX': A Game-Changing AI-Driven Advertising Tool
Lucent Industries has announced the launch of 'OrbitX', an AI-powered search and contextual advertising tool, through its subsidiary Mobavenue Global Holdings Limited. OrbitX is designed as a next-generation performance marketing engine for global markets, utilizing machine learning algorithms and proprietary optimization logic. The tool aims to enhance user intent mapping, provide precision contextual targeting, and maximize ROI for advertisers. This launch follows Lucent's recent acquisition of Mobavenue Media Private Limited and represents a significant step in the company's global technology roadmap in the AI-powered MarTech space.
02Jul 25
Lucent Industries to Acquire Full Ownership of Mobavenue Media for ₹596.80 Crore
Lucent Industries, a major technology sector player, has announced plans to acquire full ownership of Mobavenue Media in a deal valued at ₹596.80 crore. This strategic move aims to strengthen Lucent's digital media presence, potentially expanding its footprint in digital advertising and marketing solutions. The acquisition is expected to enhance Lucent's capabilities in mobile advertising, expand its service offerings, and potentially increase its market share and revenue streams.