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News Topical, Digital Desk : Imagicaaworld, included in BSE Smallcap, has informed that it has received loan facility from HDFC Bank. The company has informed the stock market about this today. According to the company, this loan facility agreement is worth Rs 275 crore and this agreement has been signed on 5 June 2025. The company said in the information sent to the stock market that this loan facility will be used to buy two major water parks and amusement park assets. The company's stock closed with a gain of more than half a percent in Thursday's trading. Prabhudas Lilladher has recently advised buying the stock.
According to the information given by the company, with the help of that amount, the company will acquire Wet'n Joy Park located in Lonavala and Wet'n Joy & Saiteerth Devotional Theme Park located in Shirdi. Earlier, Prabhudas Lilladher has advised to invest in Imagicaaworld Entertainment. A target of 93 has been given for the stock. According to the report, the launch of 10 new rides in Lonavala park and the launch of a new water park in Indore can help the company's growth.
The stock closed at 71.69 with a gain of 0.6 percent on Thursday. The stock was at 65 a month ago. (
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