Imagicaaworld Entertainment Limited has announced a strategic investment of up to INR 100 crore in Mehsana-based Shanku’s Water Park. This partnership aims to leverage Imagicaaworld’s operational expertise to enhance the park’s offerings while establishing a stronger presence in the high-growth Gujarat market. The deal includes a mix of equity and debt, with plans for future capacity expansion and modern upgrades to drive footfalls in the Ahmedabad-Mehsana region.
Expanding Presence in Gujarat
Imagicaaworld Entertainment Limited has officially announced a strategic move to enter the Gujarat market through an investment of up to INR 100 crore in Shanku’s Water Park. Located in Mehsana, the park is a major destination that serves the large catchment areas of Ahmedabad and Gandhinagar. The investment is being channeled through Mehsana Next Parks Private Limited (MNPPL), a Special Purpose Vehicle established to own and operate the facility.
Transaction and Operations Strategy
The capital injection will be executed through a combination of equity contribution and debt securities. Beyond the financial investment, Imagicaaworld will assume responsibility for Operations & Management (O&M) services. As part of this management arrangement, the company is set to receive fees in the range of 6%–10%. The focus will be on upgrading the park’s guest experience, implementing advanced water filtration systems, and optimizing revenue streams using Imagicaaworld’s proven operational frameworks.
Growth Potential and Future Outlook
The acquisition of the 25+ acre property represents a key milestone in the company’s growth strategy. Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, noted that the location serves as a critical junction for commercial growth and weekend tourism. The partnership includes provisions for the development of new attractions on surplus land, ensuring long-term scalability and value creation for stakeholders by tapping into the region’s rising consumer demand and discretionary spending.
Source: BSE
