Exhicon forms JV with India Exposition Mart for Mohali Convention Centre
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Exhicon Events Media Solutions has signed a Joint Venture Agreement with India Exposition Mart Limited (IEML) for its wholly owned subsidiary Exhicon Mohali Convention Centre (EMCCPL). Exhicon will transfer 35% stake (52,500 shares) to IEML for about Rs 5.25 lakh, retaining 65%. EMCCPL, which was incorporated in April 2026, will serve as the special purpose vehicle to develop a Rs 75 crore convention and exhibition centre in Sector 83, Mohali, Punjab under a PPP model with the Punjab government.
Positive - Exhicon partners with established IEML for a Rs 75 crore project. Minor dilution of subsidiary stake; EMCCPL remains a subsidiary with no change in control.