Nature of the Event

Imagicaaworld Entertainment Limited (BSE: 539056; NSE: IMAGICAA) has signed an investment agreement to acquire a 50% equity stake in Mehsana Next Parks Private Limited (MNPPL), the Special Purpose Vehicle that owns and operates Shanku's Water Park in Mehsana, Gujarat.

Transaction Details

  • Investment Amount: ₹50 Crores
  • Equity Stake Acquired: 50% in MNPPL
  • Transaction Structure: Investment through a slump sale arrangement
  • Additional Capital: The SPV will raise additional capital for development of new attractions and facilities over the next 12-18 months

Operations & Management Services

Imagicaaworld will provide Operations & Management services to MNPPL, leveraging its expertise in park operations, guest experience, safety systems, food & beverage, and revenue optimization. The company will receive management fees in the range of 6%–10% based upon agreed parameters.

Management Commentary

Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, stated that this investment marks an important milestone in the company's strategy to deepen its presence in Gujarat, which he described as "one of India's fast-growing leisure and tourism markets." The acquisition provides the opportunity to participate in the next phase of growth of a well-established destination.

About Shanku's Water Park

  • Location: Mehsana, Gujarat
  • Size: Spread across 25+ acres
  • Attractions: Features 25+ high-quality rides and attractions
  • Market Position: Gujarat's largest water park destination
  • Recent Upgrades: Has undergone extensive renovation and modernization, including deployment of advanced water filtration systems comparable to Imagicaa's flagship Khopoli property
  • Catchment Area: Strong access to markets of Ahmedabad, Mehsana, Gandhinagar and surrounding regions

About Imagicaaworld Entertainment Limited

The company owns and operates India's leading theme and water parks, including Imagicaa, Wet'n Joy, Sai Teerth, and Aqua Imagicaa at various locations. It describes itself as "India's largest amusement & Water Park player."