Imagicaaworld Entertainment Limited — QIP/Rights/Pref., 12-02-2025: Issue of Securities

Imagicaaworld Entertainment Limited has announced a board meeting to approve a preferential issue aimed at raising up to ₹345.19 crore. The company plans to issue approximately 23.48 million equity shares at ₹73.50 each to various investors, including promoters and non-promoters. Additionally, convertible warrants equivalent to the number of equity shares will also be offered under similar terms. The proceeds are intended for corporate growth initiatives and to enhance the company's operational capabilities. The board also approved the acquisition of a solar power undertaking from Giriraj Enterprises for ₹16 crore.