Imagicaaworld Entertainment to Develop India's Largest Waterpark near Ahmedabad
Imagicaaworld Entertainment Limited (IEL), India's premier themed entertainment destination, has announced a significant expansion move in the vibrant state of Gujarat. The Company’s Board of Directors has approved the acquisition of 100% equity in Malpani Parks Ahmedabad Private Limited (MPAPL), a step that secures strategic land ownership for the development of India’s largest waterpark near Ahmedabad. This acquisition, which is subject to shareholders approval, is valued at ₹75 crore, and will be executed through a combination of share purchase and fund infusion towards liabilities, making MPAPL a wholly owned subsidiary of IEL. This will mark IEL’s third unique project in Gujarat after Aua Imagicaa Water Park in the heart of Surat and the Sabarmati Riverfront project near the Atal Bridge in Ahmedabad, thus demonstrating its growing commitment to the state’s thriving tourism and entertainment landscape.
Key Highlights
- IEL to acquire 100% equity in Malpani Parks Ahmedabad Private Limited for ₹75 crore
- Acquisition will secure strategic land ownership for the development of India’s largest waterpark near Ahmedabad
- This will be IEL’s third unique project in Gujarat
- New Water Park is envisioned to house world-class rides, slides, and attractions built to international standards
- Expansion aims to deepen market penetration, diversify entertainment offerings, and generate long-term value for stakeholders