Imagicaaworld Entertainment Limited invests in Mehsana Next Parks Private Limited for expansion into outdoor entertainment parks
Imagicaaworld Entertainment Limited has entered into an Investment Agreement with Mehsana Next Parks Private Limited (MNPPL) and Keshav Holiday Resort Private Limited (KHRPL). This move involves the acquisition of Shanku's Water Park from KHRPL on a slump sale basis. The companies also executed a Deed of Adherence (BTA) dated July 30, 2026, outlining the terms of this transaction.Following the completion of this acquisition, MNPPL is set to become a subsidiary of Imagicaaworld Entertainment Limited. This initiative aims at expanding IEL's existing business into new geographies through an association with an established regional player in the outdoor entertainment park industry.
Acquisition and Investment Details
The investment involves acquiring a 50.002% stake in Mehsana Next Parks Private Limited (MNPPL). The transaction is structured as a cash consideration purchase, valued at Rs 50 crore. MNPPL, established as a Special Purpose Vehicle for entertainment parks, was incorporated on February 12, 2025, and has been focused on the development and operation of such parks in India.The acquisition focuses on obtaining Shanku's Water Park from KHRPL. The details of this transaction are summarized below:
| Entity | Mehsana Next Parks Private Limited (MNPPL) |
|---|---|
| Industry | Outdoor Entertainment Parks |
| Turnover (FY ending March 31, 2026) | NIL |
| Acquisition Cost | Rs 50 crore |
| Stake Acquired by IEL | 50.002% |
| Target Completion Date | On or before September 30, 2026 |
Agreement Structure and Operational Rights
The Investment Agreement details the inter-se rights and obligations among Imagicaaworld Entertainment Limited, MNPPL, and KHRPL concerning operations and management within MNPPL.Key terms of the agreement include:
- Shared Control: Both Imagicaaworld Entertainment Limited and KHRPL have the right to appoint two directors each in MNPPL.
- Oversight: The board of MNPPL will also feature one Independent Director, subject to consensus among the involved parties.
- Related Party Status: The acquisition is classified as not being a related party transaction.
Update on Malpani Parks Acquisition
Additionally, it was noted that the proposed transaction to acquire 100% equity shares of Malpani Parks Ahmedabad Private Limited (MPAPL) from its existing shareholder, Malpani Parks Private Limited (MPPL), had not been executed as of March 31, 2026.IMAGICAA Stock Price Movement
Today, Imagicaaworld Entertainment Limited finished strong in post-market trading, with shares edging higher to settle at ₹46.99 after gaining 2.77%. The stock traded within a narrow band, ranging between a low of ₹45.80 and a high of ₹47.79 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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