Exhicon Event Media Solutions Ltd signs JV agreement for Pune's largest exhibition and convention facility

Exhicon Event Media Solutions Limited ("the Company"), has signed the Joint Venture Agreement ("JV") with Gaikwad Family of Hadapsar, Pune on July, 22, 2024 for creating Pune's Largest Exhibition and Convention Facility.

The development of Pune's premier Convention & Exhibition Centre, an expansive, multi-purpose venue shall set a new standard for MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities in the City. Spanning a total project area of 3,00,000 Square Feet, this cutting-edge complex will be located in Hadapsar, the heart of Pune, offering unparalleled amenities and flexibility for a wide range of events.

Venue Highlights:

1. Expansive Facilities: The centre boasts pune's biggest convention area with 60,000 square feet of airconditioned space, semi-permanent and permanent exhibition halls designed to host a variety of events, with 100,000 square feet of lush green lawns, perfect for large-scale events and a grand stage to enhance any outdoor occasion.

2. Accommodation: With 25 Well-appointed guest rooms, attendees can stay on-site, ensuring convenience and comfort.

3. Ample Parking: The venue features parking capacity for up to 2,500 vehicles, making it accessible for large gatherings.

4. Versatile Spaces: Equipped with both semi-permanent and permanent exhibition halls & large banquets, the center is designed to host a variety of events, from intimate gatherings to grand banquets and corporate functions. An expansive kitchen area supports large catering needs, ensuring seamless service for weddings, conferences and social events.

Pune's Foremost Event Destination:

Positioned to be Pune's biggest venue for the exhibitions, conventions, meetings, and live events, this dynamic facility is to be engineered to accommodate both physical and hybrid events. The center's flexible infrastructure and modern amenities is to provide an ideal setting for any event, from high-profile corporate meetings to vibrant cultural festivals.

The first phase of this state-of-the-art venue is targeted to be completed and open for bookings by December 2024. The second and final phase of the venue is to be expected to open by March 2025.

Shares of Exhicon Events Media Solutions Limited was last trading in BSE at Rs. 263.20 as compared to the previous close of Rs. 271.35. The total number of shares traded during the day was 30500 in over 56 trades.

The stock hit an intraday high of Rs. 270.05 and intraday low of 253.40. The net turnover during the day was Rs. 8000125.00.

Source : Equity Bulls

Keywords

ExhiconEventsMediaSolutions INE0O8901016 ConsumerServices JVAgreement Pune Exhibition Convention