Business Update24 Apr 2024, 06:31 pm
Exhicon Events Media Solutions Ltd Announces Acquisition of United Helicharters Private Limited
AI Summary
Exhicon Events Media Solutions Ltd, an events media company based in India, announced the signing of a Share Purchase Agreement to acquire 89.99% of the equity shares of United Helicharters Private Limited. The target company, UHPL, specializes in helicopter charter services and operates bases on the West and East Coast of India. The acquisition aims to bolster Exhicon's position in the religious tourism and MICE business by expanding its portfolio and geographic reach.
Key Highlights
- Exhicon Events Media Solutions Ltd signed a Share Purchase Agreement to acquire 89.99% of United Helicharters Private Limited
- UHPL specializes in helicopter charter services and operates bases on the West and East Coast of India
- The acquisition will bolster Exhicon's position in the religious tourism and MICE business
- UHPL has a safety record recognized by Bell Helicopters Textron with a 'Certificate of Recognition'