Imagicaaworld Completes Warrant Conversion, Raises ₹129.45 Cr

Imagicaaworld Entertainment Limited announced the full conversion of convertible warrants into equity shares, raising ₹129.45 crore. The company allotted 2,34,82,500 equity shares at ₹73.50 per share, a premium to the current market price. This conversion strengthens the company's financial position and reaffirms strong promoter and investor confidence, with the promoter group maintaining nearly 75% shareholding. The funds will be utilized for existing capital commitments and growth initiatives, including park expansion, new attractions, and scaling up the indoor entertainment business.