Adlabs Imagica raises Rs.150 Crore PE from ICICI Venture

Adlabs Imagica, an entertainment theme park promoted by film producer Manmohan Shetty, today said it has raised about Rs 150 crore from private equity firm ICICI Ventures to fund its expansion.

The 300-acre theme park, situated on the Mumbai-Pune Expressway, was set up with an initial investment of about Rs 1,200 crore. It was opened to public in April this year.