India’s 1st Global Scale Theme Leisure & Entertainment Destination Company Acquires 6.65 MW Solar Power Plant for Rs 16 Crore
DSIJ Intelligence-2 / 06 Sep 2025/ Categories: Mindshare, Trending
The stock price is trading near 52-week low.
Imagicaaworld Entertainment Limited has announced the acquisition of a 6.65 MW solar power plant from Giriraj Enterprises for Rs 16 crore. The solar facility, located at Mandrup in Solapur, Maharashtra, will be transferred to the company under a Business Transfer Agreement (BTA) signed on September 06, 2025.
The transaction involves acquiring the business undertaking of the solar plant on a slump sale basis and as a going concern. This move follows shareholder approval received on March 13, 2025.
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According to the details, the purchaser is Imagicaaworld Entertainment Limited, while the seller is Giriraj Enterprises, a partnership firm. The purchase consideration has been finalised at Rs 16 crore, subject to customary adjustments as per the BTA.
The company clarified that Giriraj Enterprises and Imagicaaworld belong to the Malpani Group, categorising the acquisition as a related party transaction.
About company
It is India’s 1st Global Scale Theme Leisure & Entertainment Destination. Its flagship Imagicaa park at Khopoli is spread over 110 acres, an all-weather family entertainment destination comprising Theme Park, Water Park, Snow Park, and a 5-star Hotel – Novotel Imagica Khopoli.
The company has a market cap of over Rs 3,200 crore with promoters holding 74.02 per cent and public shareholders holding 22.98 per cent. The shares of the company have a PE of 57x, an ROE of 7.69 per cent and an ROCE of 7.75 per cent. The stock price is trading near 52-week low.
Disclaimer: The article is for informational purposes only and not investment advice.