Exhicon Event Media Solutions Ltd to acquire 76% in Green Branch Contracting and Land Scaping LLC

Exhicon Event Media Solutions Limited ("the Company"), has signed the Memorandum of Understanding ("MOU") with Green Branch Contracting & Land Scaping LLC on June 12, 2024 for acquisition of 76% of the stake of Green Branch Contracting & Land Scaping LLC.

Green Branch Contracting & Land Scaping LLC are the independent contractors for maintenance and landscaping works and also offering other services such as environmental management system, modular systems, ground engineering, mechanical and electrical engineering.

The acquisition will enhance Exhicon's 360-degree service portfolio, allowing it to offer comprehensive solutions including temporary and permanent event venue construction, maintenance, and landscaping.

Founded by Mark Burns, (A British Citizen), the Green Branch specializes in environmental management and engineering for Event Spaces, Airports & Exhibition Venues. The acquisition is to support Exhicon's sustainability goals. Additionally, leveraging Green Branch's clientele from the Exhibition & Event Sector in the UAE, creating new revenue streams and solidifying its position of 360 degree services offering.

Shares of Exhicon Events Media Solutions Limited was last trading in BSE at Rs. 249.80 as compared to the previous close of Rs. 254.75. The total number of shares traded during the day was 78000 in over 137 trades.

The stock hit an intraday high of Rs. 262.35 and intraday low of 245.00. The net turnover during the day was Rs. 19642250.00.

Source : Equity Bulls

Keywords

ExhiconEventsMediaSolutions INE0O8901016 ConsumerServices Acquisition GreenBranchContractingandLandScapingLLC