860 per cent returns in just 3 years: This small-cap company completes debt restructuring with writeoff confirmation!
The company has delivered stellar returns of 212 per cent over the past 1 year and excellent returns of 860 per cent over the past 3 years.
Imagicaaworld Entertainment Ltd manages a comprehensive entertainment destination that encompasses various themed experiences, including an International Standard theme park, a water park and a premium hotel.
In accordance with the Resolution Plan and the Debt Restructuring cum Settlement Agreement, Imagicaaworld Entertainment Ltd has received confirmation from Aditya Birla ARC Limited (ARC) on June 13, 2023. The confirmation pertains to the write-off of the remaining assigned debt of the company, amounting to Rs 571,76,25,368. With this write-off, the restructuring and settlement of the assigned debt under the Resolution Plan will be considered complete.
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The company has delivered stellar returns of 212 per cent over the past 1 year and excellent returns of 860 per cent over the past 3 years. Additionally, the company has a ROCE of 34.8 per cent. Moreover, the company has been able to grow their sales by 8 per cent (CAGR) over the past 3 years and profit by over 43 per cent (CAGR) for the same period.
On Wednesday, shares of the company plunged by 0.68 per cent to Rs 42.53 from its previous close of Rs 42.82. The stock traded at an intraday high of Rs 43.78 and an intraday low of Rs 42.53.
Investors should keep a close eye on this multibagger stock.