Exhicon Events Media Solutions (EEMSL) has signed the Memorandum of Understanding (MoU) for acquisition of 51% Equity Stake of Global Kokan Festival along with Kokanbhumi Ventures. This acquisition will mark Company’s step towards inorganic growth in the Exhibition Organizing sector and value chain surrounding entire Kokan region. The event is in it’s 12th edition this financial year and is the largest platform created for the Kokan region. Cost of acquisition is Rs 4.5 crore in Enterprise Value with adjustments for debt, debt like items and working capital to be calculated as on closing date.
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.
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