For consideration of Rs 6.12 crore
Netlink Solutions (India) on 24 September 2018 signed an asset purchase agreement with Messe Frankfurt Trade Fairs India to sell its Exhibition Business as a going concern basis for a consideration of Rs. 6.12 crore.This Agreement includes (i) Sale of 100% rights and ownership of the Exhibition Business containing Stationery & Write Show, Corporate Gift Show and Houseware and Kitchenware Show (Exhibition Business) to Messe Frankfurt Trade Fairs India; and (ii) the Company would be entitled to 30% share of profits from 2023 exhibition onwards till the Company decides to sale the remaining 30% profit entitlements.
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