Imagicaaworld Entertainment Limited has informed the Exchange about Acquisition

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

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+1.4% vs market

Leisure Services peers, median of 78sector · industry level-0.3%+1.6% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.6 pts more than its Leisure Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Imagicaaworld Entertainment's Board has approved the acquisition of 100% equity shares of Malpani Parks Ahmedabad Private Limited (MPAPL) from its promoter, Malpani Parks Private Limited, for a cash consideration of up to Rs. 50 crore. Post-acquisition, MPAPL will become a wholly owned subsidiary. The company will also infuse up to Rs. 30 crore into MPAPL to settle its liabilities, taking the total deal value to a maximum of Rs. 75 crore. MPAPL is yet to start operations and plans to develop a water park/entertainment park in Ahmedabad, helping Imagicaaworld expand its footprint in Gujarat where it already operates. The deal is a related party transaction done at arm's length based on an independent valuation, and is subject to shareholder approval.

Likely market impact

Short-term: The deal is a related party transaction with the promoter, so minority shareholders will need to approve it at a general meeting. Medium-term: Acquiring land for a large water park in Gujarat could boost Imagicaaworld's growth pipeline, but the Rs. 75 crore outflow is significant relative to the company's size and MPAPL is a pre-revenue entity, so execution and ROI risks remain.