Imagicaaworld Secures ₹400 Crore Loan

  Published 10 months ago

Imagicaaworld Entertainment has secured a ₹400 crore loan from HDFC Bank to finance the acquisition of Wet'n Joy parks in Lonavala & Shirdi, and Saiteerth. The loan includes stipulations for HDFC Bank regarding board representation and capital structure changes.

  • HDFC Bank gains nominee director rights on default.
  • Loan secured by company & acquired park assets.
  • Personal guarantees from Imagicaaworld directors provided.
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