Opening of Branch Office by Subsidiary in United Kingdom
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Mobavenue AI Tech Ltd (formerly Lucent Industries Limited) has announced that its wholly-owned subsidiary Mobavenue Global Holdings Limited, incorporated in London, will be opening a branch office in the United Kingdom. The company says this expansion aims to broaden its digital and marketing solutions, engage directly with European clients, accelerate revenue growth, and strengthen its global footprint. This move follows the recent acquisition of Mobavenue Media Private Limited, approved by the Board on 2nd July 2025. No financial details, investment amount, or revenue targets for the new branch have been disclosed.
This is a strategic international expansion announcement that signals the company's push into European markets, which could support future revenue diversification, though no immediate financial impact or concrete numbers have been shared with investors.