In acquisition mode yet again, the Anil Dhirubhai Ambani Group is now eyeing the Subhash Chandra-promoted Essel Groups amusement park in Mumbai—popularly known as Essel World.
ADAG insiders told ET that Reliance Entertainment was keen on the property, considering its popularity and location. Essel World is one of the first initiatives to set up an amusement part in Mumbai.
Essel World is touted as the first and largest amusement theme parks in India with an area of 64 acres. The move is in sync with the younger Ambanis entertainment blue-print of creating entertainment zones across the country. According to sources, the deal is valued anywhere between Rs 300 crore and Rs 400 crore.
More : economictimes.indiatimes.com
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