Exhicon Events Media Solutions Ltd Enters JV with IEML

Exhicon Events Media Solutions Limited has entered into a Joint Venture Agreement (JVA) with India Exposition Mart Limited (IEML) for its subsidiary, Exhicon Mohali Convention Centre Private Limited (EMCCPL). Under the agreement, Exhicon will transfer 35% of EMCCPL's equity to IEML for an undisclosed cash consideration, retaining a 65% stake and control. The JV aims to develop the Mohali Convention & Exhibition Centre on a PPP model with the Government of Punjab. The project's phase 1 has a projected cost of ₹75 crore. This strategic partnership is expected to provide capital-efficient growth for Exhicon, access to IEML's sectoral expertise, and expand Exhicon's portfolio into North India with reduced risk.