Imagicaaworld Invests Rs 50 Crores to Acquire 50% Stake in Mehsana Next Parks for Shanku's Water Park

<h1>Imagicaaworld Invests Rs 50 Crores to Acquire 50% Stake in Mehsana Next Parks for Shanku's Water Park</h1>

Mumbai, August 3, 2026 Imagicaaworld Entertainment Limited, one of India’s foremost amusement and water park operators (BSE: 539056; NSE: IMAGICAA), has signed an investment agreement to purchase a 50% equity stake in Mehsana Next Parks Private Limited (MNPPL). This move solidifies Imagicaaworld's involvement in the operation and expansion of Shanku's Water Park, which operates within Gujarat.

The strategic investment involves Imagicaaworld committing INR 50 Crores to MNPPL, a Special Purpose Vehicle established for this purpose. Through this agreement, Imagicaaworld secures a controlling interest of 50% in MNPPL.

Operational Partnership and Future Plans​

Beyond the equity investment, the deal includes an operational mandate from Imagicaaworld to the SPV. The company will provide Operations and Management (O&M) services to MNPPL, leveraging its extensive experience across park operations, guest experience management, safety systems implementation, food and beverage service, and revenue optimization.

As part of this O&M arrangement, Imagicaaworld is set to receive management fees ranging between 6% and 10%, subject to agreed parameters. The SPV, MNPPL, is also planning to raise additional capital in the next 12 to 18 months to facilitate further development of new attractions and facilities at the park.

Details on Shanku's Water Park​

Shanku's Water Park, located in Mehsana, Gujarat, is recognized as a leading water park destination within the state. The park has strong access routes to catchment markets including Ahmedabad, Gandhinagar, and Mehsana.

The facility spans over 25 acres and features a robust portfolio of more than 25 high-quality rides and attractions, positioning it as one of Gujarat's largest water park destinations. Recently, the park underwent extensive modernization and renovation, which included implementing advanced water filtration systems comparable to the best-in-class technology utilized at Imagicaaworld’s flagship Khopoli property.

Strategic Viewpoint​

Commenting on the acquisition, Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, stated that this investment represents a critical milestone in their strategy to expand and deepen their presence within Gujarat. The move offers the company an opportunity to participate in the growth phase of an established destination, with expectations of enhancing guest experiences and creating long-term value for all stakeholders through this unique association.

Imagicaaworld Entertainment Limited currently owns and operates several leading parks across India, including Imagicaa, Wet'n Joy, Sai Teerth, and Aqua Imagicaa.

IMAGICAA Stock Price Movement​

Shares of Imagicaaworld Entertainment Limited are gaining as of 3:07 PM, trading at ₹48.54 after rallying by 3.30%. The stock’s current upward momentum is buoyed by heavy activity, with a total volume of 864,555 shares processed during the live market session.