Imagicaaworld Entertainment Limited — Important, 05-06-2025: Agreements

Imagicaaworld Entertainment Ltd has secured a Rs 275 Cr term loan from HDFC Bank, arranged by IDBI Trusteeship, to acquire Wet’n Joy parks at Lonavala and Shirdi from Giriraj Enterprises. The loan is backed by company and acquired asset charges, cash flows, and personal guarantees from three directors. HDFC Bank holds rights to appoint a nominee director in case of default and to approve capital structure changes. This funding boosts Imagicaaworld’s presence in the amusement and water park space, supporting its growth strategy.