Primex News International

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Dr. Elie Organics & Thinksharp Foundation Launch Lonikand Biodiversity Park

    July 8, 2025

    BigMudra Expands To Business Loan – Uplifting Entrepreneurs Across India

    July 8, 2025

    From Finish Lines to Spotlights: Gitanjali Lenka’s Journey to the Crown

    July 8, 2025
    Facebook Twitter Instagram
    Primex News International
    • Home
    Facebook Twitter Instagram
    Primex News International
    Home»Business»Exhicon Acquires 89.99 Percent of United Helicharters
    Business

    Exhicon Acquires 89.99 Percent of United Helicharters

    By April 26, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email

    M Q Syed, CMD EXHICON with Mr MOHAMED IBRAHIM A A AL MOHANNADI, CEO & MD of Gulf Helicopters after signing the SPA in Doha, Qatar

    Doha (Qatar), April 26: Exhicon Events Media Solutions Ltd. (an Exhicon Group Company), listed on the BSE, has acquired 89.99 percent of the equity shares of United Helicharters Private Limited from Gulf Helicopters Company Q.S.C, a unit of Qatar General Petroleum Corporation, based in Doha, State of Qatar.

    United Helicharters Private Limited was incorporated on February 26, 1998, under the provisions of the Companies Act, 1956, with its registered office situated at Hangar No. C-2, Airports Authority of India, Civil Aerodrome, Juhu, Mumbai – 400056, Maharashtra, India.

    The cost of the acquisition (including liabilities), as per the company’s announcement on the BSE, is Rs 17.66 Cr.

    UHPL specializes in providing helicopter charter services for corporate travel, medical evacuation, aerial surveys, maintenance research, and overhaul (MRO) services, aviation training, and helicopter parking services for public and private sector companies in India.

    UHPL has over 15,000 sqm of facilities at Pawan Hans, Juhu Airport, Mumbai, in addition to its bases located on the west and east coasts of India.

    UHPL’s fleet has logged over 62,000 flying hours to date. In recognition of its safety record, Bell Helicopters Textron awarded UHPL with a “Certificate of Recognition” for achieving the highest safety record in India.

    M Q Syed, Chairman of the Exhicon Group, informed, “This is one of the most important acquisitions by Exhicon after the company was listed on the BSE last year.”

    Elated with the deal, Syed further said, “The acquisition is poised to bolster Exhicon’s position in aviation, religious tourism, and the MICE business (meetings, incentives, conferences, and exhibitions) by expanding its portfolio and geographic reach.”

    Padma Mishra, promoter of Exhicon, said, “It’s a matter of pride that an Indian SME has been able to acquire a subsidiary of a government company of Qatar. UHPL is the only aviation company in India to have executed overseas contracts for operating outside the country (Southeast Asia – Cambodia and Indonesia) for offshore logistic support services.”

    With this acquisition, Exhicon aims to enhance services and experiences for its clientele, catering to the diverse needs of PSU, private sector companies, religious pilgrims, and business travelers.

    The acquisition is the sixth in a row for Exhicon in the last year, one of them being outside India and one of them from Qatar Petroleum and Gulf Helicopters, Doha, Qatar.

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

    Business
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Dr. Elie Organics & Thinksharp Foundation Launch Lonikand Biodiversity Park

    July 8, 2025

    BigMudra Expands To Business Loan – Uplifting Entrepreneurs Across India

    July 8, 2025

    India’s Premier Flagship MICE and Luxury Travel Congress Returns to Goa in Style – MILT Congress 2025 Set to Redefine MICE & Luxury Travel Industry

    July 8, 2025

    Pride Group Makes Strategic Gujarat Entry with ‘Biznotel by Pride’ in Surat

    July 7, 2025

    Experience Premium Living: 3BHK Flats in Bhopal at Green City Extension by Krishna Homes

    July 7, 2025

    Asston Pharmaceuticals Limited, a Pharmaceutical and Nutraceutical Company, opens its IPO on 9th July 2025.

    July 7, 2025

    Comments are closed.

    Top Reviews
    Editors Picks

    Dr. Elie Organics & Thinksharp Foundation Launch Lonikand Biodiversity Park

    July 8, 2025

    BigMudra Expands To Business Loan – Uplifting Entrepreneurs Across India

    July 8, 2025

    From Finish Lines to Spotlights: Gitanjali Lenka’s Journey to the Crown

    July 8, 2025

    India’s Premier Flagship MICE and Luxury Travel Congress Returns to Goa in Style – MILT Congress 2025 Set to Redefine MICE & Luxury Travel Industry

    July 8, 2025
    About Us
    About Us
    Our Picks

    Dr. Elie Organics & Thinksharp Foundation Launch Lonikand Biodiversity Park

    July 8, 2025

    BigMudra Expands To Business Loan – Uplifting Entrepreneurs Across India

    July 8, 2025

    From Finish Lines to Spotlights: Gitanjali Lenka’s Journey to the Crown

    July 8, 2025
    Top Reviews
    © 2025 Primex News International. Designed by Primex Media Services.
    • Home

    Type above and press Enter to search. Press Esc to cancel.