Imagicaaworld Entertainment Limited (NSEI:IMAGICAA) agreed to acquire Four WetNJoy Parks from Giriraj Enterprises for INR 6.3 Billion on February 8, 2024. The Board of Directors of Imagicaaworld Entertainment Limited (NSEI:IMAGICAA) approved the proposal on February 8, 2024. Shareholders of Imagicaaworld Entertainment Limited (NSEI:IMAGICAA) approved the transaction. Imagicaaworld Entertainment Limited (NSEI:IMAGICAA) entered into a Business Transfer Agreement with Giriraj Enterprises and/or its partners for acquisition and purchase of water parks, theme park and amusement park owned by Giriraj Enterprises and/or its partners on March 29, 2024. Effective April 1, 2024, all revenues generated by Four WetNJoy Parks will flow directly to Imagicaaworld Entertainment Limited, translating to a significant enhancement of overall financials. Imagicaaworld Entertainment Limited (NSEI:IMAGICAA) and Giriraj Enterprises have mutually agreed to extend the transaction closure date to not later than June 30, 2024.

Imagicaaworld Entertainment Limited (NSEI:IMAGICAA) completed the acquisition of Four WetNJoy Parks from Giriraj Enterprises on June 28, 2024.