India's Imagicaaworld Entertainment jumps on acquisition

Imagicaaworld Entertainment

25/06/2024 09:22

** Shares of Imagicaaworld Entertainment  IMAW.NS  rise ~4%,
set for best day in about one month
    ** The theme park developer approves acquisition of entire
stake in Malpani Parks Indore for 550 mln rupees ($6.6 mln)
    ** Trading vol is 2.6x the 30-day daily avg
    ** Stock has jumped ~39% so far in 2024, on a 4-year rally
    ** It has surged ~1,660%, or 19x, since end 2019
 
 ($1 = 83.4237 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))