Imagicaaworld Entertainment Ltd - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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| 17 Feb 2023 | |
| In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company is proposing to enter into a Business Transfer Agreement ('BTA') with Rajgreen Amusement Park Private Ltd ('RAPPL') to acquire their water park business in the state of Gujarat on a slump sale basis, which would be subject to certain customary government / municipal approvals. Pursuant to receiving the said approvals, the Company shall also execute a sub-lease deed with RAPPL for sub-leasing the water park land in favour of the Company, the draft of which is pending concurrence from Government Authorities. In order to manage the business in the interim to the closure of the BTA, the Company is also proposing to enter into an arrangement for Operation and Maintenance ('O&M') of the said facility. Further, a shared infrastructure agreement to utilise shared facilities between RAPPL and the Company is also proposed. | |
| View all announcements for Imagicaaworld Entertainment Ltd | Source: BSE India |
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