Imagicaaworld Entertainment Limited has informed the Exchange regarding a press release dated August 25, 2025, titled "Imagicaaworld Entertainment Expands Footprint in Gujarat with Strategic Acquisition to Develop India s Largest Waterpark near Ahmedabad".
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Imagicaaworld Entertainment Limited (IEL) has announced the acquisition of 100% equity in Malpani Parks Ahmedabad Private Limited (MPAPL) for ₹75 crore, through a mix of share purchase and fund infusion towards liabilities, making MPAPL a wholly owned subsidiary. The deal, subject to shareholder approval, secures 34 acres of prime non-agricultural land near Ahmedabad with highway frontage, on which IEL plans to build India's largest waterpark. This will be IEL's third project in Gujarat after Aqua Imagicaa in Surat and the Sabarmati Riverfront project in Ahmedabad, reinforcing its expansion strategy in Western India.
Positive for shareholders — the acquisition expands IEL's footprint in a high-growth market and adds a marquee project to its portfolio, though the ₹75 crore outlay and pending shareholder approval introduce some execution risk. The market may view this as a strategic growth move that strengthens long-term revenue potential.