Imagicaa Share Price in Focus: Receives Loan Facility of ₹275 Crore from HDFC Bank

Imagicaaworld Entertainment Limited is currently in focus after securing a significant ₹275 crore loan facility from HDFC Bank. The loan, aimed at financing the acquisition of 2 major amusement park assets in Lonavala and Shirdi, marks a crucial step in the company’s expansion strategy.

Imagicaa Share Price Performance

Imagicaaworld Entertainment Limited (Imagicaa) has been making headlines recently with a series of positive developments. As of June 6, 2025, the Imagicaa share price has gained 0.50%, trading at ₹72.05 at 9:39 AM. This marks a notable 14% increase in the last month and a 10% gain over the past 3  months. 

Loan Facility Agreement with HDFC Bank

A major development that has contributed to this growth is the recent loan facility agreement signed by Imagicaaworld Entertainment. On June 5, 2025, the company executed a loan agreement with HDFC Bank Limited, amounting to ₹275 crore. The loan is aimed at financing the purchase of 2 major assets: Wet’n Joy Amusement Park and Water Park at Lonavala, and Wet’n Joy Water Park and Saiteerth Devotional Theme Park at Shirdi. These acquisitions were made under a Business Transfer Agreement with Giriraj Enterprises.

Agreement Details

The agreement details include important terms such as the amount of the loan, the security provided, and the significant rights of the lender. The loan is secured by a first pari passu charge on various immovable and movable assets owned by Imagicaaworld, including land and plant machinery, excluding assets acquired from Giriraj Enterprises. Furthermore, the lender has an exclusive charge on the acquired park assets and a charge on the company’s cash flows. Notably, the personal guarantees of key directors, including Rajesh Omkarnath Malpani, Manish Madhav Malpani, and Jai Manish Malpani, are part of the loan agreement.

Lender and Borrower Information

The loan agreement has been entered into between Imagicaaworld Entertainment Limited (borrower) and HDFC Bank Limited (lender). The loan facility will be used to finance the purchase consideration for the park business undertakings at Lonavala and Shirdi. The total amount granted for the facility is ₹275 crore, executed on June 5, 2025, with the sanction letter issued on July 29, 2024.

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Conclusion 

• Imagicaa's share price has seen a significant upward trend, with a 14% gain over the last month.
   
• The company has successfully secured a ₹275 crore loan from HDFC Bank to finance the acquisition of two major amusement parks.
   
• The loan is secured with various assets, including a charge on the company’s cash flows and personal guarantees from the company’s directors.
   

Imagicaaworld’s strategic acquisitions and the backing of a major loan facility have bolstered its growth potential in the coming months. Investors will continue to closely monitor the company’s next steps as it expands its business portfolio.

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