Exhicon Event Media shines on inking MOU to acquire entire stake in Dare Spark
Exhicon Events Media Solutions is currently trading at Rs. 309.90, up by 11.90 points or 3.99% from its previous closing of Rs. 298.00 on the BSE.
The scrip opened at Rs. 306.50 and has touched a high and low of Rs. 310.00 and Rs. 306.50 respectively. So far 24000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 350.90 on 07-Aug-2023 and a 52 week low of Rs. 64.00 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 311.70 and Rs. 273.50 respectively. The current market cap of the company is Rs. 367.96 crore.
The promoters holding in the company stood at 86.20%, while Non-Institutions held 13.80% stake in the company.
Exhicon Event Media Solutions (EEMSL) has signed the memorandum of understanding (MOU) with Dare Spark Communications and Associated (Dare Spark) for acquisition of 100% stake of Dare Spark. Dare Spark Communications and Associated is engaged in the business of Exhibition Booth Designing & Execution Brand Communications for exhibitors and other businesses.
The acquisition of this business will consolidate entire topline and bottom-line to the existing business of Exhicon Events Media Solutions and will create one more revenue stream for the company. In addition the Company shall leverage with the experience and expertise of the founder for future businesses.
Exhicon Events Media Solutions provides products and services for the exhibition, conferences, and events industry. The company offers media to integrated marketing solutions, event infrastructure, and management to organizing solutions to B2B and B2C fairs and events.
