Imagicaaworld Entertainment Limited has initiated discussions regarding a potential joint venture with Keshav Holiday Resort Private Limited (KHRPL), known as “Shanku’s Water Park,” located in Gujarat. This represents a non-binding expression of interest and is subject to standard conditions, including due diligence and regulatory approvals. The parties will observe an exclusivity period of 180 days to negotiate and finalize the joint venture terms.
Potential Joint Venture
Imagicaaworld Entertainment Limited has announced that it has entered into discussions to evaluate a potential joint venture with Keshav Holiday Resort Private Limited (KHRPL), which is also known as “Shanku’s Water Park.” KHRPL is a part of the Shanku Group.
Non-Binding Interest
The company’s interest in the joint venture is currently non-binding. The interest is subject to standard conditions, including acceptance by the other party, due diligence, and final approval by the board of directors.
Exclusivity Period
The parties have agreed to an exclusivity period of 180 days to explore, negotiate, and finalize the structure of the joint venture. During this time, both companies will work towards completing the necessary steps to potentially establish the partnership.
Source: BSE
