Imagicaaworld Buys 50% Stake in Shanku's Water Park for ₹50 Cr

Imagicaaworld Entertainment Limited has signed an investment agreement to acquire a 50% stake in Mehsana Next Parks Private Limited (MNPPL) for ₹50 Crores. MNPPL is a Special Purpose Vehicle formed to operate and expand Shanku's Water Park in Mehsana, Gujarat. This investment will provide Imagicaaworld with a significant presence in a growing leisure market and leverage its operational expertise. The SPV plans to raise additional capital for new attractions and facilities over the next 12-18 months. Imagicaaworld will also provide Operations & Management services, earning management fees between 6%-10%.