Multibagger Event and Media solutions provider that has delivered a return of 412 percent in a year jumps 9 percent in the day’s trade upon signing a strategic business acquisition agreement to expand its business portfolio.
With a market capitalization of Rs. 432 Crores, the shares of Exhicon Events Media Solutions Limited were trading at Rs. 333.05, up 5.81 percent from its previous day’s close price of Rs. 314.75.
Exhicon Events Media Solutions Limited has signed a business acquisition agreement with Nucleus Integrated Communication and Entertainment Private Limited (NICE Solutions) to acquire a 51 percent equity stake in it.
Nucleus Integrated Communication and Entertainment Private Limited (NICE Solutions), specializes in Exhibition and Conferences, Digital Marketing, Audio Visual Productions, and Brand Communication.
This acquisition will add strategic value to Exhicon’s inline business service portfolio by adding, Audio Visual Productions, Digital Marketing, and Brand Communication services, allowing it to provide a valuable ecosystem to its growing clients across Asia and the Middle East.
Exhicon Events Media Solutions Limited is the only organization in Asia that serves the full array of products and services for TradeFairs and Events Sector, from Media to Integrated Marketing Solutions, From Temporary to Permanent Event Infrastructure from Management to Organising.
The company’s revenue grew 26.95 percent from Rs. 46.35 Crores in FY22 to Rs. 58.84 Crores in FY23, accompanied by increasing profits of Rs. 4.31 Crore to Rs. 9.16 Crore.
It has reported a return on equity (ROE) of 79.41 percent and a return on capital employed (ROCE) of 100.83 percent, it is making very good returns on its equity and capital employed.
Written by: Bharath K.S
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