Please find attached Press Release titled "Imagicaaworld Entertainment Limited Announces Investment in ''Shanku''s Water Park'' - Gujarat''s Largest"
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Imagicaaworld Entertainment Limited has announced a strategic investment of up to INR 100 crore in Shanku's Water Park in Mehsana, Gujarat. The investment will be made through equity and debt into Mehsana Next Parks Private Limited, which owns and operates the water park. Shanku's Water Park spans 25+ acres with 25+ rides and attractions, recently renovated with advanced water filtration systems. The park is located within 1 hour of Ahmedabad and GIFT City, serving a large catchment market. Alongside the investment, Imagicaaworld will provide Operations & Management services and earn management fees in the range of 6%-10%.
This acquisition expands Imagicaaworld's geographic footprint into Gujarat, one of India's fastest-growing leisure markets, providing immediate access to an established water park with brand recall. The deal offers revenue diversification through management fees while positioning the company for footfall growth and future expansion on adjoining land.