28 Feb 2025

Imagicaaworld Entertainment Gains 1.06% Amid Acquisition of Malpani Parks Indore

Imagicaaworld Entertainment is currently trading at RS. 62.24, up by 0.65 points or 1.06% from its previous closing of RS. 61.59 on the BSE.

The stock opened at RS. 61.40 and recorded a high of RS. 62.24 and a low of RS. 60.22. A total of 7,912 shares have been traded so far.

The BSE group 'B' stock, with a face value of RS. 10, reached a 52-week high of RS. 103.24 on August 20, 2024, and a 52-week low of RS. 58.65 on January 28, 2025. In the last week, the stock’s high and low stood at RS. 68.55 and RS. 60.22, respectively. The company's market capitalization is currently RS. 3,283.26 crore.

The promoters hold a 74.09% stake in the company, while institutions and non-institutions hold 3.05% and 22.86%, respectively.

In a significant development, Imagicaaworld Entertainment has completed the acquisition of 10,000 equity shares of Malpani Parks Indore (MPIPL) at RS. 10 each, representing 100% of its issued and paid-up capital, on February 25, 2025. With this acquisition, MPIPL has become a wholly owned subsidiary of Imagicaaworld Entertainment.

Previously, the company had entered into a Share Purchase Agreement (SPA) on February 18, 2025, with Malpani Parks (MPPL) to acquire 100% shareholding of MPIPL.

Imagicaaworld Entertainment specializes in the development and operation of theme-based entertainment destinations across India, including theme parks, water parks, retail merchandising, and food and beverage services.