Imagicaaworld Entertainment zooms on completing debt resolution process
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Imagicaaworld Entertainment is currently trading at Rs. 14.84, up by 0.84 points or 6.00% from its previous closing of Rs. 14.00 on the BSE.
The scrip opened at Rs. 14.70 and has touched a high and low of Rs. 15.30 and Rs. 14.12 respectively. So far 52253 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 18.63 on 11-Apr-2022 and a 52 week low of Rs. 7.11 on 30-Aug-2021.
Last one week high and low of the scrip stood at Rs. 15.30 and Rs. 12.55 respectively. The current market cap of the company is Rs. 128.04 crore.
The promoters holding in the company stood at 30.95%, while Institutions and Non-Institutions held 3.32% and 65.73% respectively.
Imagicaaworld Entertainment’s Board of Directors has approved allotment of Equity Shares and 0.01% Redeemable Non-Convertible Preference Shares on preferential-basis as part of the resolution plan agreed by the lenders dated May 11, 2022 under the RBI Prudential Framework.
This successfully completes the Debt Resolution process of the company outside of NCLT and is outcome of the continuous efforts made by the company for over the past 4 years since the company turned NPA. Accordingly, the directors from the new promoter group have been inducted on the Board of Directors and would be ratified in ensuing shareholders meeting.
Imagicaaworld Entertainment is engaged in the business of development and operations of theme-based entertainment destinations in India, including theme parks, water parks and associated activities including retail merchandising and food and beverages.
