Acquisitions23 May 2025, 08:25 pm
Mach Conferences Acquires 60% Stake in Travexel Events and Travel for Rs. 1,50,000/-
AI Summary
Mach Conferences And Events Ltd. has announced the acquisition of 60% equity stake in Travexel Events and Travel Private Limited. The acquisition, which does not fall under Related Party Transactions, will not require any governmental or regulatory approvals. The cost of acquisition is Rs. 1,50,000/- for equity shares and Rs. 48,50,000/- for preference shares. Travexel Events and Travel Private Limited is a Tours and Travels company, specializing in organizing conferences, exhibitions, and corporate events across India, similar to Mach Conferences.
Key Highlights
- Mach Conferences to acquire 60% equity stake in Travexel Events and Travel
- Total cost of acquisition is Rs. 1,50,000/- for equity shares and Rs. 48,50,000/- for preference shares
- Travexel Events and Travel is a Tours and Travels company, specializing in organizing conferences, exhibitions, and corporate events across India
- The acquisition does not fall under Related Party Transactions
- No governmental or regulatory approvals are required for the acquisition