Imagicaaworld Entertainment stated that it has entered into a Share Purchase agreement to transfer 100% stake in its Wholly Owned Subsidiary -- Walkwater Properties (WPPL) to JBCG Advisory Services (nominee of Shaan Agro and Realty India). 

Long Stop Date is March 31, 2023 subject to regulatory and other approvals and completion of conditions precedent.

Approximate Enterprise value of Rs. 106 Crore, subject to customary adjustments at closing. 

The said sale/disposal is pursuant to a resolution plan duly approved by secured lenders and shareholders of Imagicaaworld Entertainment Limited.