Imagicaaworld Entertainment Limited announced that it has received approval from its Board of Directors to acquire four operational parks in Maharashtra located in Lonavala and Shirdi and one under construction Water Park in Indore for a total consideration of INR 7,700 million payable over a period of 2.5 years, subject to shareholder's and other regulatory approvals. This move is part of the Malpani Group's vision to consolidate the portfolio of current and future entertainment businesses under the listed entity Imagicaaworld Entertainment Limited. It represents a strategic effort to broaden its pan-India presence.

It will help streamline operational efficiencies and enhance focus on the parks business by consolidating all parks under one company.