Imagicaaworld Entertainment Limited has entered into an Investment Agreement and executed a deed of adherence for the acquisition of ‘Shanku’s Water Park’ through its subsidiary, Mehsana Next Parks Private Limited (MNPPL). The transaction, valued at ₹50 crore, is structured as a ‘slump sale basis’ from Keshav Holiday Resort Private Limited. This acquisition marks a strategic expansion into a new geographical region for the company’s entertainment business.
Strategic Acquisition Expands Entertainment Portfolio
Imagicaaworld Entertainment Limited announced on July 31, 2026, the execution of a significant Investment Agreement through its special purpose vehicle, Mehsana Next Parks Private Limited (MNPPL). MNPPL will acquire ‘Shanku’s Water Park’ from Keshav Holiday Resort Private Limited, a part of the Shanku Group. This strategic move is aimed at expanding the company’s business into a new geographical area and enhancing its presence in the outdoor entertainment park sector.
Transaction Details and Rationale
The acquisition will be conducted on a ‘slump sale basis’, with MNPPL acquiring the entire business of Shanku’s Water Park. The total consideration for this transaction is ₹50 crore, to be paid through cash. This expansion is expected to leverage Imagicaaworld’s expertise in developing and operating entertainment parks, integrating the new asset into its growing portfolio.
Completion and Future Implications
The transaction is anticipated to be completed on or before September 30, 2026, subject to the fulfillment of agreed-upon conditions and any necessary regulatory approvals. Upon completion, MNPPL will become a subsidiary of Imagicaaworld Entertainment Limited, further solidifying its market position. The company also clarified that a separate proposed acquisition of Malpani Parks Ahmedabad Private Limited from Malpani Parks Private Limited, initially intimated on August 22, 2025, had not been executed as of March 31, 2026.
Source: BSE
