Imagicaaworld Entertainment Invests ₹50 Cr in Mehsana Next Parks

Imagicaaworld Entertainment Ltd (IEL) has entered into an Investment Agreement and executed a deed of adherence for the acquisition of a 50.002% stake in Mehsana Next Parks Private Limited (MNPPL). MNPPL is acquiring 'Shanku's Water Park' from Keshav Holiday Resort Private Limited (KHRPL) on a slump sale basis for ₹50 crore cash consideration. This acquisition aims to expand IEL's existing business into a new geography by associating with a regional player in the outdoor entertainment park sector. The transaction is expected to be completed by September 30, 2026, subject to fulfillment of conditions precedent and regulatory approvals. MNPPL will become a subsidiary of IEL upon completion. Separately, the proposed acquisition of Malpani Parks Ahmedabad Private Limited has not been executed as of March 31, 2026.