Board approves sale of Hotel Novotel Imagicaa to Juniper Hotels for Rs 248 Cr

Core Business DivestedStrategic Transactions View source PDF Explain this filing

IMAGICAA · price

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Price reactionminutes from the announcement price · days from the prior close

-4.2%Reaction day

₹53.25

prior close

₹53.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-5.1% vs market

Leisure Services peers, median of 85sector · industry level+0.8%-5.0% vs sector

On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 5.0 pts less than its Leisure Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.6

10m

-3.0

15m

-3.8

30m

-3.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.2+0.8-5.1+0.8-5.0

Next day

-0.4+2.5-2.9+2.3-2.7

-0.3+2.3-2.6+2.3-2.6

-1.8+2.8-4.6+2.9-4.7

-0.5+4.1-4.6+2.3-2.8

-2.7+2.5-5.3+1.3-4.0

-2.8+1.2-4.0+0.1-2.9

15d

-12.5-0.8-11.7-2.2-10.2

-14.6-1.7-12.9-2.5-12.1

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UpDownMarket · Nifty Microcap 250Sector · Leisure Services peers, median of 85Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved sale of Hotel Novotel Imagicaa to Juniper Hotels on slump sale basis for Rs 248 Cr. Hotel contributed 15.9 percent of operating revenue (Rs 57.02 Cr) and 7.3 percent of networth in FY25-26. Buyer is unrelated to promoter group. Subject to shareholder approval via postal ballot. Expected completion by March 31, 2027. Proceeds to fund park expansion, new attractions, indoor entertainment foray, and lower overall debt.

Likely market impact

Sale brings in Rs 248 Cr to cut debt and expand core theme park business. Revenue dip of about 16 percent expected post-sale, offset by sharper focus on parks.