Exhicon gets into golfing domain, secures controlling 76% in Pinewoods Golf Club
This acquisition includes management rights to manage two expansive golf courses
Exhicon Events Media Solutions Limited (“Exhicon”), India's only 360-degree event & exhibition Company, has announced that it has signed MOU with Pinewoods Golf Club LLP, to acquire a controlling 76% stake in Pinewoods Golf Club LLP.
This acquisition includes management rights to manage two expansive golf courses, covering a total of 73 acres, located at the Lodha Belmondo on the Mumbai-Pune Expressway and Blue Ridge, a 28-acre Golf Course in Hinjewadi, Pune.
This strategic move will position Exhicon as a key player in the Golf Tourism Industry facilitating the Corporate Golf, Sports Events, Live Events, Corporate Branding, and unique experiences such as "Movies Under the Sky” to golf enthusiasts and corporate clients.
MQ Syed, Chairman & Managing Director of Exhicon, described the move as a groundbreaking entry into the burgeoning Golfing Tourism Industry in India. Syed said “The flourishing Golf Tourism is being driven by factors such as increasing interest in golf as a recreational activity, the development of golf courses, and the expanding use of Golf Courses for Business & Entertainment Events”.
Addressing the relatively limited presence of Golf Course Management Companies in India, Syed expressed confidence that Exhicon's venture into this domain will significantly influence the Golfing Tourism industry.
Dr. Sandeep Sahasrabudhe, the visionary founder of Pinewoods Golf Club LLP, shared his excitement about the partnership with Exhicon. He said that this acquisition will provide the LLP, the wings needed for exponential growth and successful execution of expansion plans.
