17-Sept-2026 12:52:55
IMAGICAAAcquisition and merger
IMAGICAWORLD ENTERTAINMENT : HOTEL ASSET DIVESTMENT WORTH RS 248 CR
• Imagicaaworld Entertainment has approved the divestment of its 287-key Novotel Imagicaa hotel at Khopoli to Juniper Hotels Limited for ₹248 crore. • The transaction is proposed as a slump sale of the hotel undertaking as a going concern, spread across approximately 11 acres. • The divestment aims to sharpen focus on the core entertainment business, expand park portfolio, and invest in indoor entertainment. • The company expects to improve EBITDA margins, as the hotel business has a lower margin (25-30%) compared to parks (40-45%). • Managing Director Jai Malpani stated the transaction provides additional growth capital and financial flexibility.
Imagicaaworld Entertainment Ltd
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