Exhicon Events Media Solutions signs Heads of Terms for Convention and Event Venue Project in Nashik
Exhicon Global Development Private Limited, a wholly owned subsidiary of Exhicon Events Media Solutions Limited, has signed Heads of Terms with landowners to develop and operate a new Convention and Mixed Event Venue project located in Nashik, Maharashtra.The proposed development is situated on approximately 9,775 square metres (about 2.4 acres) of land in Panchwati, Nashik. The plan includes comprehensive facilities such as convention areas, event lawns, exhibition and conference infrastructure, administrative facilities, parking, food & beverage areas, and other supporting amenities.
The project is designed to cater to a wide range of functions, including exhibitions, conferences, government events, corporate gatherings, weddings, social functions, cultural programs, and other large-format events.
Exhicon Events Media Solutions Limited stated that the initiative aligns with the company’s strategic objective of expanding its presence within the exhibition, convention, and event infrastructure sector through its venue development vertical. The commercial understanding entails an initial period dedicated to development, followed by the long-term operations and commercialization of the new venue.
Definitive agreements for the project are anticipated following the successful completion of detailed design, technical evaluations, and fulfillment of all statutory requirements.
Stock Price Movement
Exhicon Events Media Solutions Ltd concluded trading on Thursday, with shares settling at ₹436.55 after ticking up 2.28%. The stock traded within a defined range, hitting a low of ₹421.55 and reaching an intraday high of ₹452.30.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.