Imagicaaworld Entertainment Limited Acquires 4 New Parks, Projects 1.5x Revenue Increase and 2x EBITDA

Imagicaaworld Entertainment Limited has announced the execution of definitive agreements for the acquisition of 4 high-quality parks from Malpani Group's Giriraj Enterprises. The acquisition, which was approved in the recent Extraordinary General Meeting, includes WetNJoy Water Park and Amusement Park in Lonavala and Saiteerth Devotional Theme Park and WetNJoy Water Park in Shirdi. Effective from April 1, 2024, all revenues generated by these parks will flow directly to Imagicaaworld Entertainment Ltd. This strategic integration is expected to result in a significant financial enhancement, with overall revenues projected to increase by 1.5x and EBITDA by 2x. Additionally, footfalls are anticipated to double. Mr. Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, expressed his gratitude to shareholders, Board of Directors, and the team for enabling this rapid expansion.