JV Agreement with India Exposition Mart for Mohali Convention & Exhibition Centre
Exhicon has executed a Joint Venture Agreement with India Exposition Mart Ltd (IEML) for its subsidiary Exhicon Mohali Convention Centre Pvt Ltd.
By ScoutQuest · · 1 min read
- Equity Transfer to Partner
- 35% of EMCCPL's paid-up equity to IEML
- Retained Stake
- 65% retained by Exhicon; EMCCPL remains subsidiary
- Project Location
- IT City, Sector 83, Mohali, Punjab
- Phase 1 Projected Cost
- ₹75 crore
- Project Model
- Public-Private Partnership with Government of Punjab
What was announced
Exhicon Events Media Solutions Limited has executed a Joint Venture Agreement (JVA) with India Exposition Mart Limited (IEML) for its subsidiary, Exhicon Mohali Convention Centre Private Limited (EMCCPL), which is developing the Mohali Convention & Exhibition Centre.
Deal terms
- Exhicon will transfer 35% of EMCCPL's paid-up equity share capital to IEML for a cash consideration.
- Exhicon will retain 65%, and EMCCPL continues as its subsidiary.
- The JVA was approved by Exhicon's Corporate Restructuring and Investment Committee and executed on September 21, 2026.
About the project
The centre is being developed at IT City, Sector 83, Mohali, Punjab, under a Public-Private Partnership model with the Government of Punjab. Phase 1 carries a projected cost of ₹75 crore, aimed at adding large-scale exhibition and convention capacity in North India.
Governance
Exhicon states it continues to control the board, nominating two of three directors. IEML secures board representation and affirmative-vote rights over specified matters as a minority partner, along with proportional rights to contribute to future capital requirements.
How investors may read it
The company frames the deal as capital-efficient growth: bringing in a partner to co-fund and de-risk the project while keeping majority ownership. The cash consideration amount for the 35% stake is stated as cash but the figure is not quantified in the release. Execution and commercial ramp-up of the convention centre will determine the eventual financial impact.
Also from Exhicon Events Media Solutions
Subsidiary enters Aircraft Sale and Purchase Agreement to acquire one Bell 206 L4 helicopter
14 Oct 2026
Chairman's AGM Address: FY26 Revenue Rs.205.46 crore, PAT up 49.54%, 1,25,000 sqm Venue Pipeline
26 Sep 2026
More numbers
- Stake in EMCCPL to be transferred to IEML35%
- Stake retained by Exhicon in EMCCPL65%
- Projected cost of Phase 1₹75 crore
- Directors nominated by Exhicon on EMCCPL boardtwo of three
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.