Exhicon Events Media Solutions Ltd to acquire Impulse B2B Solution and Associates

The Board of Directors of Exhicon Events Media Solutions Limited in its meeting held on today considered and approved the acquisition of 100% stake of the Impulse B2B Solution and associates.

Impulse is engaged in the business of B2B database Research & management company Serving Exhibition Organisers, Event management Companies, Convention Venues and Exhibitors.

This acquisition will add strategic value to EEMSL by adding the data and research services to it's existing and prospective clients and further increase it's clients in the global event marketplace.

The Impulse B2B Solution has been serving international event organizers and generating services export revenues from UK, Germany, Romania, Australia, New Zealand, Canada, USA, Singapore, Latin America, South Africa, UAE, Nigeria, Latvia, Bahrain and Jordan.

The consideration to be paid is INR 8 crores payable after 3 months but within 9 months of signing the agreement, in terms of cash or share swaps (by way of issuing new shares of EEMSL) as may be agreed by both parties and subject to the various approvals by Board, exchange or any relevant authorities.

Shares of Exhicon Events Media Solutions Limited was last trading in BSE at Rs. 214.90 as compared to the previous close of Rs. 215.75. The total number of shares traded during the day was 94000 in over 46 trades.

The stock hit an intraday high of Rs. 226.50 and intraday low of 212.00. The net turnover during the day was Rs. 20758700.00.

Source : Equity Bulls

Keywords

ExhiconEventsMediaSolutions INE0O8901016 ConsumerServices Acquisition ImpulseB2BSolutionandAssociates