Imagicaaworld Entertainment Secures 50.002% Stake in Mehsana Next Parks to Acquire Shanku's Water Park in Gujarat

Imagicaaworld Entertainment Limited (BSE: 539056, NSE: IMAGICAA) has informed stock exchanges about the execution of an Investment Agreement and a Deed of Adherence to a Business Transfer Agreement (BTA) dated July 30, 2026.

Under the agreement, Imagicaaworld will invest ₹50 Crore to acquire a 50.002% controlling stake in Mehsana Next Parks Private Limited (MNPPL), a Special Purpose Vehicle (SPV) formed in collaboration with Keshav Holiday Resort Private Limited (KHRPL, part of the Shanku Group).

Upon completion, MNPPL will acquire the popular Shanku's Water Park in Gujarat from KHRPL on a slump sale basis, making MNPPL a direct subsidiary of Imagicaaworld Entertainment Limited.

Key Deal Structure & Acquisition Details

1. Target Entity & Ownership

Target Company: Mehsana Next Parks Private Limited (MNPPL)

Stake Acquired: 50.002% equity shareholding (giving Imagicaaworld control and subsidiary status).

Cost of Acquisition: ₹50 Crore via cash consideration.

Target Business: Outdoor Entertainment / Water Park operations (acquiring Shanku's Water Park via slump sale from KHRPL).

Target Turnover: NIL for FY26 (as MNPPL is a recently incorporated SPV, incorporated on February 12, 2025).

2. Timeline & Governance Terms

Indicative Completion Date: Expected on or before September 30, 2026, subject to fulfillment of Conditions Precedent (CPs) and regulatory/third-party approvals.

Board Composition & Governance:

Imagicaaworld Entertainment Limited: Right to appoint 2 Directors.

Keshav Holiday Resort Private Limited (KHRPL): Right to appoint 2 Directors.

Consensus Appointment: 1 Independent Director.

Operational Strategic Rationale

This transaction allows Imagicaaworld to expand its footprint in Western India by partnering with an established regional player in Gujarat. Acquiring Shanku's Water Park through the MNPPL SPV grants Imagicaaworld instant access to an operational asset and a mature regional visitor base.

Update on Non-Execution of MPAPL Acquisition

In the same filing, Imagicaaworld provided an update regarding its previously announced board meeting outcome dated August 22, 2025:

Target: Malpani Parks Ahmedabad Private Limited (MPAPL)

Seller: Malpani Parks Private Limited (MPPL)

Status: The proposed acquisition of a 100% equity stake in MPAPL was not executed as of March 31, 2026.

Shares of Imagicaaworld Entertainment Limited was last trading in BSE at Rs. 47.09 as compared to the previous close of Rs. 45.57. The total number of shares traded during the day was 71483 in over 554 trades.

The stock hit an intraday high of Rs. 47.71 and intraday low of 45.89. The net turnover during the day was Rs. 3354785.00.

Source : Equity Bulls

Keywords

ImagicaaworldEntertainment INE172N01012 BTA