SECTOR
Imagicaaworld Entertainment signs pact to acquire 50% stake in Mehsana Next Parks
Aug-03-2026

Imagicaaworld Entertainment has signed investment agreement to buy 50% equity in Mehsana Next Parks (MNPPL), the Special Purpose Vehicle formed for operating and expanding ‘Shanku’s Water Park’ in Gujarat’s Mehsana.

Imagicaaworld Entertainment to invest Rs 50 crore in Mehsana Next Parks (MNPPL), the Special Purpose Vehicle which now owns the Shanku’s Water Park vide a slump sale arrangement. The investment provides Imagicaaworld with a 50% stake in MNPPL. The SPV will raise additional capital for development of new attractions and facilities over the next 12-18 months.

Imagicaaworld will also provide Operations & Management services to the SPV, thus leveraging its expertise in park operations, guest experience, safety systems, food & beverage and revenue optimization. As part of the O&M arrangement, Imagicaaworld will receive management fees in the range of 6%-10% based upon agreed parameters. 

Imagicaaworld Entertainment is engaged in the business of development and operations of theme-based entertainment destinations in India, including theme parks, water parks and associated activities including retail merchandising and food and beverages.


  RELATED NEWS >>