Announced Fri, 31 Jul · 15:29 IST
Imagicaaworld acquires 50% stake in Mehsana Next Parks for Rs 50 crore
IMAGICAA · price
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Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹46.80
prior close
₹47.24
base price
After-mkt
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AI summary
Imagicaaworld Entertainment has executed an Investment Agreement to acquire 50.002% stake in Mehsana Next Parks Private Limited (MNPPL) for Rs 50 crore in cash. MNPPL is a Special Purpose Vehicle that is acquiring Shanku's Water Park in Gujarat from Keshav Holiday Resort on a slump sale basis. Post completion, MNPPL will become a subsidiary of Imagicaaworld. Both parties can appoint two directors each. Deal expected to close by September 30, 2026.
Likely market impact
Expands Imagicaaworld's outdoor entertainment park footprint into Gujarat via the Shanku water park brand. MNPPL becomes a subsidiary.