As Prime Minister Narendra Modi arrived in Oslo on Monday (May 18, 2026) for a two-day visit where he will hold bilateral talks and then meet with leaders of Sweden, Norway, Iceland, Finland and Denmark for the 3rd India-Nordic summit, conflicts in Ukraine and Iran and their economic impact will be
Bengaluru man leaves Bellandur at 5 pm, remains stuck in traffic 3+ hours laterVarun Rangarajan wrote in an X post that he left Bellandur at 5:17 pm but remained stuck in traffic hours later. Updated on: May 19, 2026 10:36 AM IST By Sanya Jain Share via Copy link A Bengaluru man’s social media
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.I tried these 5 face serums on my sensitive skin, and this Korean brand one worked like magicIf you have sensitive skin and always dicey about which face serums to go for
Some TCS employees claim lower take-home pay after appraisals: ‘Salary decreased by ₹3,000’Employees report mixed appraisal outcomes at TCS, with top performers receiving up to 13% hikes while others face reductions in compensation. Updated on: May 19
Mouni Roy makes Cannes comeback amid 'chaos', days after announcing separation from Suraj. See her chic monochrome lookMouni Roy makes a powerful statement at Cannes Film Festival 2026 following her recent separation from Suraj Nambiar. She was spotted in a striking look. Published on: May 19
The U.S. Department of Justice has permanently dropped all criminal charges against Indian tycoon Gautam Adani and his nephew Sagar, bringing the high-profile securities and wire fraud case in New York to a complete close after prosecutors concluded they could not sustain the allegations.The U.S
Congress leader VD Satheesan takes oath as Kerala CM; makes important decisionsSenior Congress leader VD Satheesan took oath as the 13th chief minister of Kerala, made key decisions for the welfare of women and senior citizens. Published on: May 19
In Paris, police deployed tear gas. In Milan, Italy, a fistfight erupted. In London, Singapore and New York, all-night queues snaked from the doors of Swatch stores — the latest examples of status-symbol “drop culture” to flash across the globe when status symbols and resale value collide
Imagicaaworld to acquire Malpani Parks Ahmedabad for ₹75 crore
Imagicaaworld Entertainment is set to acquire Malpani Parks Ahmedabad Private Limited (MPAPL) for up to ₹75 crore, pending shareholder approval. This strategic move will provide Imagicaaworld with land parcels in Ahmedabad to develop a large water and entertainment park, accelerating its expansion in Gujarat. The deal, structured as a related-party transaction, is expected to close by March 31, 2026.
Imagicaaworld Entertainment has announced plans to acquire Malpani Parks Ahmedabad Private Limited (MPAPL), a promoter-owned entity, in a deal valued at up to ₹75 crore.
The company's board approved the acquisition on Friday, subject to shareholder approval. The transaction involves the purchase of 100% equity shares of MPAPL from Malpani Parks Private Limited (MPPL), a promoter group entity.
According to the company, the deal will be executed on an arm's-length basis, supported by an independent valuation report. It has already received clearance from the Audit Committee and the Board.
Although MPAPL has not yet started operations, it holds non-agricultural land parcels in Ahmedabad identified for the development of a large water and entertainment park. Imagicaaworld said the acquisition will accelerate its geographic expansion and strengthen its presence in Gujarat, where it already operates.
“The acquisition, on attractive terms, will speed up our expansion by providing strategic land parcels with clear title and ready access for the development of a larger water park project in the first phase,” the company said in a regulatory filing.
Under the terms, Imagicaaworld will acquire 10,000 equity shares of MPAPL for up to ₹50 crore in cash. It will also infuse up to ₹30 crore into MPAPL through loans, intercorporate deposits, or debt to settle liabilities. The total transaction value will not exceed ₹75 crore. Once completed, MPAPL will become a wholly owned subsidiary of Imagicaaworld.
The acquisition is expected to close by March 31, 2026, subject to shareholder and regulatory approvals.
Since MPAPL is owned by MPPL, a promoter of Imagicaaworld, the deal qualifies as a related-party transaction. The company said it is being carried out on an arm's-length basis, with promoters interested only to the extent of their shareholding in the seller entity.
Add as a Reliable and Trusted News Source Add Now!
Source: EconomicTimes
Related Posts: Imagicaaworld to acquire Malpani Parks Ahmedabad for ₹75 crore Passenger occupancy hits 109% on Ahmedabad-Mumbai-Ahmedabad route Silverstorm Parks and Resorts files DRHP for SME IPO launch Tesla parks models S and X to bet big on humanoid robots Jobs, travel, national parks - what impact will US shutdown have First mangrove parks to come up at Airoli Zee Entertainment inks three-year media rights deal with Uttar Pradesh Kabaddi League Latest smart TVs are reinventing home entertainment Best soundbar deals 2025 with up to 50% off for powerful home entertainment Legends League Cricket sold to Blue God Entertainment for Rs 49 crore
Rajasthan Pre DElEd Admit Card 2026 available on predeledraj2026.com, BSTC exam tomorrowRajasthan Pre DElEd Admit Card 2026 is available for download on the official website at predeledraj2026.com. The exam will be held on May 20, 2026. Updated on: May 19
1 hours ago
Chennai, May 19 (PTI) Chennai Super Kings’ head coach Stephen Fleming acknowledged that Ruturaj Gaikwad is still a work in progress as captain after the side’s playoff hopes in the ongoing IPL were left massively dented by a loss to Sunrisers Hyderabad here.Chennai
1 hours ago
Who is Sibi George, the Indian diplomat winning praise for taking on Norway press head onSibi George is currently serving as Secretary (West) in the MEA, overseeing India's engagement with countries in Europe, West Asia and multilateral forums. Updated on: May 19
1 hours ago
Sometime last year, Dattu Valvi took up temporary work offered by the state forest department in his village Mogarbara in Gujarat, about 120 km away from Surat. The job required him to drive a tractor carrying a filled water tanker to irrigate young saplings that the department had planted
5 hours ago
The bodies of four Italian divers who went missing during a scuba diving accident in the Maldives last week have been located, officials have confirmed to the BBC. The Italians were found inside a 60-metre-deep (197ft) cave in Vaavu Atoll by a joint team of highly trained Finnish and Maldivian
5 hours ago
Arsenal have never been closer to a Premier League title under Mikel Arteta's management. The Gunners' 1-0 win over Burnley left them close to ending their 22-year wait for the league crown - and that dream could be realised as early as Tuesday
5 hours ago
Love Horoscope Today for May 19, 2026: Stop accepting mixed signals and emotional confusionLove Horoscope Today: Find daily astrological predictions for all sun signs. Published on: May 19, 2026 7:30 AM IST By Kishori Sud Share via Copy link Aries An emotional ending may create unexpected freedom
5 hours ago
The Central Information Commission has ruled the Board of Control for Cricket in India is not a public authority. This reverses a previous 2018 decision. The BCCI is therefore not legally bound to respond to Right to Information applications
5 hours ago
Pisces Horoscope Today for May 19, 2026: Avoid shortcuts or emotional spendingPisces Horoscope Today: Stay organised, avoid unnecessary stress, and give yourself time to rest. Updated on: May 19, 2026 5:42 AM IST Edited by Kanakanjali Roy Share via Copy link Pisces (Feb 20-Mar 20) Daily Horoscope
5 hours ago
Lok Sabha MP Engineer Rashid has been granted interim bail by the Delhi High Court. This comes after the passing of his father in New Delhi. Rashid will arrive in Srinagar on May 19 to attend the funeral prayers. He has been in Tihar jail since 2019
5 hours ago
Patriotic Kenny dies at 84 after courageous cancer fight, fans call him a 'beautiful soul'Patriotic Kenny became a viral sensation on TikTok and Instagram for his uplifting videos, infectious optimism, and patriotic spirit. Published on: May 19
4 hours ago
OAKLAND, Calif. — A federal jury on Monday sided with OpenAI and its top executives in a feud with Elon Musk, who accused them of betraying a shared vision for it to guide artificial intelligence’s development as a nonprofit dedicated to humanity’s benefit.OAKLAND, Calif
4 hours ago
Enterprises today generate more information than ever before, yet critical knowledge often remains fragmented across teams, systems, and workflows. As AI adoption accelerates, organisations are beginning to recognise that growth, agility, and execution increasingly depend on how effectively
4 hours ago
Jammu: Mistaken intake of wild plant behind Rajouri man’s death, indicates preliminary findingAn elderly man lost his life and seven others of the same family fell ill in Modha Draj village of Kotranka tehsil in Rajouri district on May 16 Published on: May 19, 2026 7:58 AM IST By HT Correspondent
4 hours ago
Uttar Pradesh Chief Minister Yogi Adityanath has asserted his authority following a recent cabinet expansion. The portfolio allocations demonstrate a clear focus on stability as assembly elections approach. New ministers have been accommodated, but key departments remain with the Chief Minister
5 hours ago
Check petrol, diesel rates for Delhi, Mumbai, Kolkata after fresh price hikeThe latest revision comes after fuel prices were raised by ₹3 per litre last week. Published on: May 19, 2026 7:56 AM IST By HT News Desk Share via Copy link State-run oil marketing companies on Tuesday increased petrol
4 hours ago
West Bengal’s newly elected BJP government, led by Chief Minister Suvendu Adhikari, has decided to implement the 7th Pay Commission for state government employees in a move aimed at reducing the long-standing pay gap between state and central government staff
5 hours ago
Kerala's new Chief Minister VD Satheesan has swiftly implemented key election promises. Free bus travel for women begins June 15. Asha workers receive a Rs 3000 honorarium hike. Anganwadi staff also see a Rs 1000 increase. A new department for senior citizens is approved
5 hours ago
The Mandalorian & Grogu is released this week and is set for the lowest opening weekend of any Star Wars film ever. With the TV shows also struggling, here's why interest is waning. It's been seven years since the Star Wars franchise visited a galaxy far, far away on the big screen
4 hours ago
Manchester City are preparing for Pep Guardiola's exit after Sunday's Premier League match against Aston Villa. Sources have told BBC Sport that the managerial great is expected to leave Etihad Stadium at the end of the season. City maintain Guardiola has a contract for next season and are hopeful
5 hours ago
20-year-old college dropout lands ₹70 LPA job with US startup after multiple rejectionsFrom underpaid freelancer to earning ₹70 LPA, a 20-year-old dropout shared his viral roadmap for landing a remote job at a US tech startup. Updated on: May 19
4 hours ago
The prices of petrol and diesel were increased on Tuesday with immediate effect amid rising global oil rates and supply concerns as the conflict in West Asia continues. This is the second time in less than a week that the price of the fuel has been hiked
5 hours ago
Nothing Phone (3) is currently available on Amazon India with a major discount offer, bringing the effective price down significantly for buyers looking for a premium Android smartphone. The smartphone, which carries an MRP of Rs 84,999, is currently listed at Rs 44
5 hours ago
New Delhi: Public sector lender Bank of India (BOI) on Monday hiked interest rates on medium- and long-term fixed deposits of less than Rs 3 crore. The latest rates are effective from today (18 May 2026). Senior citizens and super senior citizens will continue to receive additional interest
5 hours ago
Aaron Rai secured the 2026 PGA Championship title with a remarkable final round. His victory at Aronimink Golf Club marked a significant achievement. Rai's win is historic, being the first Englishman to claim the PGA Championship since 1919. The triumph highlights his dedication and hard work
5 hours ago
Rekha Gupta, Delhi ministers travel by metro and buses under ‘Metro Monday’ initiative to promote fuel conservationPWD minister Parvesh Verma and social welfare minister Ravinder Indraj Singh also accompanied Gupta during the journey and interacted with other passengers. Updated on: May 19
4 hours ago
Buy or sell stocks, 19 May 2026: Amid weak global cues and persistent macroeconomic concerns, the key benchmark indices of the Indian stock market finished almost flat after witnessing a highly volatile session on Monday. The Nifty 50 index ended marginally higher at 23,649
5 hours ago
