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Awaiting price reaction for this filing.
Lucent Industries Limited, now rebranded as Mobavenue AI Tech Ltd, shared a business update tied to the proposed amalgamation of Mobavenue Media Private Limited (MMPL) with the company. The firm describes itself as a technology-driven organization focused on AI-powered programmatic and digital growth marketing solutions (AdTech/MarTech/MADtech). It currently operates in India and plans to expand internationally into the United States and Singapore through a UK-based subsidiary, subject to board and regulatory approvals. The update was filed under SEBI LODR Regulation 30 and signed by MD & CEO Ishank Joshi.
This is primarily a strategic/intent update with no financial figures, contracts, or orders disclosed, so near-term impact on the stock is likely limited. Shareholders should watch for follow-up filings confirming board approval of the UK entity setup and the MMPL amalgamation scheme.