Acquisitions22 Aug 2025, 09:34 pm
Imagicaaworld Entertainment Ltd to Acquire 100% Shares of Malpani Parks Ahmedabad Pvt. Ltd for Rs. 50 Crore
AI Summary
Imagicaaworld Entertainment Ltd has approved the acquisition of 100% equity shares of Malpani Parks Ahmedabad Private Limited (MPAPL) from Malpani Parks Private Limited for a cash consideration not exceeding Rs. 50,00,00,000. The acquisition is a related party transaction as MPPL is a promoter of the company. MPAPL, which is yet to commence commercial operations, intends to develop a water park / entertainment park. The transaction is proposed at arm’s length and is subject to shareholders’ approval. The acquisition will accelerate the pace of geographical expansion and deepen the market penetration in the state of Gujarat.
Key Highlights
- Imagicaaworld Entertainment Ltd to acquire 100% equity shares of Malpani Parks Ahmedabad Private Limited for Rs. 50 Crore
- The acquisition is a related party transaction as Malpani Parks Private Limited is a promoter of the company
- MPAPL is yet to commence commercial operations and intends to develop a water park / entertainment park
- The transaction is proposed at arm’s length and is subject to shareholders’ approval
- The acquisition will accelerate the pace of geographical expansion and deepen the market penetration in the state of Gujarat