The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malpani Parks Pvt Ltd
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Malpani Parks Pvt Ltd, part of the promoter group of Imagicaaworld Entertainment Ltd, has acquired 1,70,06,800 equity shares and an equal number of convertible warrants (each warrant convertible into one equity share) via a preferential allotment on March 27, 2025. After this acquisition, the promoter's total holding rises to 41,88,25,376 equity shares (74.02% of share capital, 71.07% of diluted capital), plus 1,70,06,800 convertible warrants (2.89% of diluted capital), taking aggregate promoter holding to 73.96% on a diluted basis from 74.09% earlier. The company's total share capital rose to Rs. 565.81 crore (56,58,11,891 equity shares), and the company also allotted a broader set of 2,34,82,500 warrants to promoters and non-promoters, exercisable within 18 months by paying the balance 75% of the issue price.
This is a promoter-group infusion of capital and further equity into Imagicaaworld via a preferential route. Existing minority shareholders may see their stake diluted by the new shares and warrants issued, although the promoter's effective control has been reinforced. The warrant conversion within 18 months could lead to further share dilution if exercised.