Imagicaaworld Entertainment Limited has announced an important update regarding its ongoing acquisition of 100% equity shares of Malpani Parks Indore Private Limited (MPIPL), a key acquisition that will significantly expand the company's portfolio. The acquisition involves the purchase of shares from Malpani Parks Private Limited (MPPL), the current shareholder.

In their recent filing, Imagicaaworld Entertainment confirmed that the transaction completion date has been mutually extended from December 31, 2024 to March 31, 2025. This extension comes as part of an agreement between Imagicaaworld Entertainment and MPPL to allow more time to complete the necessary processes for the transaction.

This acquisition is part of Imagicaaworld Entertainment's broader strategy to strengthen its presence in the entertainment and leisure industry. The transaction, first announced in June 2024, is significant for the company as it adds a new park to its operations. The company has already submitted the necessary disclosures required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These disclosures were initially made in the June 25, 2024 letter, with an update provided in September 2024.

With the extended timeline now set until March 31, 2025, both parties have agreed to this mutual adjustment to ensure that all aspects of the acquisition are completed smoothly. This decision aligns with the company’s long-term vision of expanding its footprint in the entertainment sector.

Imagicaaworld Entertainment is a leading player in the Indian entertainment industry, known for its theme parks and leisure destinations. This transaction will enhance the company's offerings and attract more visitors to its entertainment locations.

As part of the required SEBI filing, Imagicaaworld Entertainment will continue to monitor the acquisition process and ensure compliance with all applicable regulations. The updates related to this acquisition, including the extended completion date, are in line with the regulatory requirements and will be followed up as needed.

The Upcoming IPOs in this week and coming weeks are Indo Farm, Technichem Organics, Leo Dry Fruits, Davin Sons, Fabtech Technologies and Standard Glass Lining.

The Current active IPO is Citichem India and Anya Polytech.

For more details on upcoming IPOs, you can visit our page at  and stay updated with the latest news on IPO updates on . Join our  for regular Stock Market Trading and Investment Calls by  - SEBI Registered Research Analyst &  for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in .Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance SaathiTop News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance SaathiTrading with CA Abhay Telegram ChannelCA