New Delhi, Feb. 12 -- Imagicaaworld Entertainment shares climbed over 8 percent on Wednesday, February 12, after the company informed the bourses about its board's approval for a fundraise amounting to Rs.345.19 crore through a preferential issue. It also announced strong results for the quarter ended December 2024 (Q3FY25).

The company announced that the fundraise will be executed in two parts:

Equity Share Issuance: Imagicaaworld will issue up to 2.34 crore equity shares with a face value of Rs.10 each on a preferential basis at a price of Rs.73.50 per share. This move will raise approximately Rs.172.59 crore. The shares will be allotted to both promoter and non-promoter entities.

Convertible Warrants: The company will issue up to 2....