Imagicaaworld Entertainment Q2 FY27 Update: Park Sale, Stake Acquisition

Imagicaaworld Entertainment reported a 6% year-on-year drop in consolidated footfalls to 2.1 lakh for Q2 FY27, attributed to heavy rains. Key updates include the Board's approval for the sale of Novotel Imagicaa to Juniper Hotels Ltd for ₹248 crores, with an MoU executed. The company also received the balance subscription amount for convertible warrants, fully converting them into equity shares. Additionally, Imagicaaworld acquired a 50% stake in Mehsana Next Parks Private Ltd, which owns Shanku's Water Park. The company plans to launch its first indoor entertainment park, Hello Park, in Q3 FY27.