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![]() Imagicaa Deal Press Release June 2022 |
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![]() Greetings, A consortium of ten lenders led by Union Bank of India have successfully assigned their debt exposure in Imagicaaworld Entertainment Ltd. (Imagicaa or the Company) to Aditya Birla ARC. This assignment is undertaken under the RBI guidelines of Prudential Framework for Resolution of Stressed Assets dated June 7, 2019 leading to a "Change in Management" with lenders becoming equity shareholders as well. Malpani Group (MPG), a Maharashtra-based diversified business group with a leading presence in the amusement park business, has acquired majority and controlling stake in Imagicaa. BOB Capital Markets acted as sole process advisor to a consortium of 10 lenders led by Union Bank of India and Cyril Amarchand Mangaldas acted as the legal advisor to lenders. Deal Complexities:
BOBCAPS Contribution:
Please find attached a detailed Press Release for your reference. Let us know if you need any further information. |
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