Exhicon Events Media Solutions Limited (BSE:543895) singed a memorandum of understanding to acquire a 51% stake in Maple Heights Business Center LLC for an Enterprise Value of INR 17.5 million on May 21, 2023. The consideration will be paid in cash and the enterprise value to be adjusted for debt, debt like items and working capital to be calculated as on closing date. The transaction does not require governmental or regulatory approvals. Subject to satisfactory completion of all conditions precedent, the transaction is expected to be closed within a time period of 90 days from the date of signing of this agreement. The transaction is approved by the board of Exhicon Events.

Exhicon Events Media Solutions Limited (BSE:543895) completed the acquisition of 51% stake in Maple Heights Business Center LLC on September 21, 2023.