Imagicaaworld to acquire 50% stake in Shanku’s Water Park for ₹50 Crore
Imagicaaworld Entertainment Limited is acquiring a 50% stake in Mehsana Next Parks Private Limited (MNPPL) for ₹50 Crores. MNPPL operates Shanku's Water Park in Gujarat. The investment aims to expand attractions and facilities over 12-18 months. Imagicaaworld will also provide O&M services, earning management fees.
The acquisition involves a significant investment of ₹50 Crores and expands the company's operational footprint, which could have a medium-term impact on its financial performance and market presence.
The acquisition of a stake in a water park and the plan for expansion indicate a positive strategic move for the company's growth.
Imagicaaworld Entertainment Limited has signed an investment agreement to acquire a 50% equity stake in Mehsana Next Parks Private Limited (MNPPL) for a consideration of ₹50 Crores. MNPPL is the Special Purpose Vehicle formed for operating and expanding “Shanku’s Water Park” in Mehsana, Gujarat.
This investment will provide Imagicaaworld with a 50% stake in MNPPL. The SPV plans to raise additional capital for the development of new attractions and facilities over the next 12-18 months. Imagicaaworld will also provide Operations & Management services to the SPV, leveraging its expertise in park operations, guest experience, safety systems, food & beverage, and revenue optimization. As part of this arrangement, Imagicaaworld will receive management fees ranging from 6% to 10% based on agreed parameters.
Jai Malpani, Managing Director, Imagicaaworld Entertainment Limited, stated that this investment is a significant milestone in their strategy to deepen their presence in Gujarat, a fast-growing leisure and tourism market. He expressed optimism about enhancing guest experiences, driving footfalls, and creating long-term value through this association.
Shanku’s Water Park, located in Mehsana, is a well-established water park in Gujarat, serving catchment markets like Ahmedabad, Mehsana, and Gandhinagar. The park spans over 25 acres and features more than 25 rides and attractions. It has recently undergone renovations and modernization, incorporating advanced water filtration systems.
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Imagicaaworld Entertainment Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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