Aditya Birla PE in talks to pick 6 pc in Adlabs Imagica for Rs. 100 crore.

Aditya Birla Private Equity is in talks for the possible purchase of a 6 per cent stake in Adlabs Imagica, India's largest entertainment theme park, for Rs. 100 crore, said three people with direct knowledge of the matter.

That values the company at Rs. 1,667 crore. The deal talks are part of a sale of shares ahead of a public offer, for which Adlabs Imagica has appointed investment banks Deutsche India Equities, Kotak Mahindra Capital Company and Centrum Capital as managers. This would be the first public offer by a theme park company in India.


'The company plans to raise around Rs. 400-500 crore from the planned IPO,' a person with direct knowledge of the discussions said. ICICI Venture, India's second largest local private equity fund with more than $ 2 billion of assets under management, purchased a minority stake in the theme park for Rs. 150 crore last year.

ET