Corporate News     14-Jun-23
Imagicaaworld Entertainment writes-off debt of Rs 571.76 cr
As part of debt resolution plan executed in June 2022
Imagicaaworld Entertainment has pursuant to the Debt Restructuring and Settlement Agreement (DRSA) between the company executed in June 2022, Malpani Parks and Aditya Birla ARC, received confirmation for writeoff for the unsustainable debt aggregating to Rs 571.76 crore.

The write-off is a part of the debt resolution plan which the company entered with the Malpani Group and the erstwhile lenders in June 2022.

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