SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Praveg gets nod to acquire 51% stake in Abhik, Bidhan each

27 May 2024 Evaluate

Praveg has received approval for execution of the Share Purchase and Share Subscription agreement with the existing shareholders of Abhik Advertising (Abhik) and Bidhan Advertising and Marketing (Bidhan) for the acquisition of 51% stake, in one or more tranches, by way of purchase of equity shares from its existing shareholders of Abhik and issuance of Preferential Equity Shares of Abhik and Bidhan, on a fully diluted basis (Transaction). Pursuant to the said acquisition of equity shares, Abhik and Bidhan will become subsidiaries of the Company. 

Pursuant to such acquisition, 435 units with a total of 1,55,441 sq. ft. across the State of Gujarat owned and managed by Abhik Advertising and 38 units with a total of 22,787 sq. ft. across the State of Gujarat owned and managed by Bidhan Advertising and Marketing respectively, will be thereafter owned by Praveg by holding 51% stake in each of the company. The board of directors at its meeting held on May 27, 2024 approved the same. 

Praveg (Formerly known as Praveg Communications (India)) is principally engaged in business of providing services in holding and arranging Events, Exhibitions, Advertisement, Hospitality and in pharma sector.

Praveg Share Price

253.65 -2.70 (-1.05%)
22-Apr-2026 12:52 View Price Chart
Peers
Company Name CMP
Indian Hotel 659.00
ITC Hotels 163.15
EIH 336.00
Chalet Hotels 814.75
Mahindra Holi.&Resor 271.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×