🇮🇳 India Daybook: Imagicaaworld Inks ₹248 Cr Novotel Deal, LT Foods Consolidates Venture

📍 M&A & ASSET SALE

• Imagicaaworld Entertainment: The board has granted in-principle approval to sell the Hotel Novotel Imagicaa asset to Juniper Hotels for ₹248 crore. The transaction is expected to be completed by March 31, 2027.
• LT Foods: The company announced plans to acquire the remaining 49% stake held by Kameda in Kameda LT Foods India for ₹1.12 crore, which will raise its total equity holding to 100% and make it a wholly owned subsidiary.
• GOCL Corporation: The company has completed the monetization of approximately 157 acres out of its 264.5-acre land parcel.

📍 PARTNERSHIPS & MOUS

• Mazagon Dock Shipbuilders: Entered into a Memorandum of Understanding (MoU) with NSHIPML to serve as the anchor shipyard for the development of the Dighi shipbuilding cluster.
• Fortis Healthcare: Signed an agreement to establish a new 400+ bed super-specialty hospital in Ashok Vihar, New Delhi, expanding its healthcare footprint in the capital region.
• Krsnaa Diagnostics: Executed a concession pact under the public-private partnership (PPP) model to establish and operate PET-CT imaging facilities in Punjab under a 15-year concession agreement.
• Panorama Studios International: Inked a content licensing agreement with Las Gatos Production Services India and completed a distribution pact with Digital18 Media regarding distribution rights for the Drishyam franchise.

📍 ORDER WINS & CONTRACTS

• Highway Infrastructure: Received a Letter of Award (LOA) valued at ₹220.7 crore for toll collection and operations across the Gorakhpur Link Expressway.

📍 CONTRACT TERMINATION & DISPUTES

• G R Infraprojects: Terminated its EPC contracts for the NTPC Battery Energy Storage System (BESS) project and initiated dispute resolution proceedings.

📍 FUND RAISING & DEBT ISSUANCE

• Reliance Industries (RIL): Approved the allotment of 12 lakh non-convertible debentures (NCDs) aggregating to ₹12,000 crore on a private placement basis.

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