Exhicon Event Media Solutions Ltd enters into MoU with Government of Rajasthan

Exhicon Event Media Solutions Limited ("the Company"), has entered into a Memorandum of Understanding ("MoU") with the Government of Rajasthan to develop a cutting-edge multipurpose convention and exhibition venue with a planned investment of INR 100 Crore, the identification of the land and the construction of the said venue is set to commence within the year 2025.

Revenue Streams for Exhicon

Upon completion, the venue is expected to generate multiple revenue streams, including: Event Hosting and Rentals, Sponsorships and IP's Partnerships, Exhibition Booth Services, Catering and F&B Services, Ticketed Events, Manpower & Parking Facilities, On-Site Advertising, Technology and Equipment Rentals, Co-Working and Office Spaces, Sustainability Initiatives (Grants and incentives for incorporating eco-friendly practices and renewable energy solutions), Hospitality, Royalty & Exhibition Services.

Strategic Advantage

Rajasthan's evolving business ecosystem, combined with its strategic location and cultural appeal, ensures a steady demand for high-quality venues. The venue will also benefit from government initiatives promoting tourism and MICE activities, further enhancing its financial viability.

Exhicon aims to establish a leadership position & steady flow of diversified income streams, ensuring robust profitability and long-term growth in the convention and exhibition industry.

This MoU also aligns with our goal of becoming India's premier convention venue operator.

Shares of Exhicon Events Media Solutions Limited was last trading in BSE at Rs. 375.45 as compared to the previous close of Rs. 400.25. The total number of shares traded during the day was 226500 in over 383 trades.

The stock hit an intraday high of Rs. 400.00 and intraday low of 372.00. The net turnover during the day was Rs. 86659750.00.

Source : Equity Bulls

Keywords

ExhiconEventsMediaSolutions INE0O8901016 ConsumerServices MoU GovernmentofRajasthan