Announced Mon, 5 Oct, 2026 · 19:04 IST
Sale of Hotel Novotel Imagicaa to Juniper Hotels for Rs 248 Cr
IMAGICAA · price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹49.00
prior close
₹48.76
base price
After-mkt
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+1.3+1.3+1.7+1.2-0.3-3.1————————
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AI summary
Imagicaaworld Entertainment has signed a binding MoU to sell its operating hotel Hotel Novotel Imagicaa at Khopoli, Maharashtra, to Juniper Hotels Limited for a lumpsum Rs 248 crores on a slump sale basis. The deal requires shareholder approval through postal ballot. It is not a related party transaction. Definitive agreements to follow.
Likely market impact
Major divestment of core hotel asset for Rs 248 crores. Reduces future hotel revenue but boosts cash. Subject to shareholder approval.