Exhicon Events Media Solutions has informed that the company has signed the Memorandum of Understanding (‘MOU’) with Perfect-Octave on August 26, 2024 for acquisition of 76% of the Equity Stake of the company. This acquisition is poised to enhance company’s capabilities and broaden it’s reach in the live events and corporate video productions. The details in this regard, pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI Circular No. SEBI/HO/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure-A to this letter.
The above information is a part of company’s filings submitted to BSE.