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Exhicon Events Media Solutions surges on inking pact with IADM
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Exhicon Events Media Solutions is currently trading at Rs. 250.00, up by 7.80 points or 3.22% from its previous closing of Rs. 242.20 on the BSE.
The scrip opened at Rs. 248.00 and has touched a high and low of Rs. 259.00 and Rs. 239.65 respectively. So far 80000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 441.00 on 09-Jan-2024 and a 52 week low of Rs. 220.00 on 14-Aug-2024.
Last one week high and low of the scrip stood at Rs. 265.00 and Rs. 235.00 respectively. The current market cap of the company is Rs. 324.06 crore.
The promoters holding in the company stood at 57.15%, while Institutions and Non-Institutions held 4.96% and 37.89% respectively.
Exhicon Events Media Solutions has signed the Venue, Event Management and Support Services Agreement with International Association of Disaster Management (IADM) based in Stockholm, Sweden for 4th edition of the Disaster Management Expo & Summit in India, the 5th edition in the UAE, and the 6th edition in Sweden. The India edition, set to take place at the Messe Global Convention Centre, will be the longest in the series, running for six months starting on October 11, 2025. This event is expected to generate $4 million in revenue for the company. Additionally, the Stockholm, Sweden and UAE editions are expected to bring in over $2 million to UAE based Green Branch Contracting and Landscaping LLC, a 76 % subsidiary of the company.
In addition to the event series, IADM has also entered into a separate agreement with Digiglobe Advertising, an Exhicon Events Media Solutions subsidiary, to manage the full marketing campaign, publish a monthly magazine for the association, and oversee the design and display management for exhibitors at all three events.
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.
