Banks sitting on huge gains as Imagicaa rides a turnaround
A group of 10 banks together own a 9.22% stake in the company, which was valued at ₹75 crore or ₹15.29 per share as part of the takeover by the Ahmednagar-based Malpani Group last June. This stake is currently valued at ₹211 crore, or ₹47.41 per share, and can be encashed by banks as early as June 25 when the one-year lock-in for the stock ends.
