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Adlabs Entertainment in talks with three PE firms to raise Rs 650 crore: Report

Adlabs Entertainment is reportedly in talks with three private equity (PE) firms, including Blackstone Group Warburg Pincus and TPG to raise about Rs 650 crore from financial investors as part of a two-pronged transaction that will comprise a sale of fresh shares by the company and a partial exit by existing investor ICICI Ventures. The company has appointed the advisory arm of EY to arrange the share sale.

Adlabs Entertainment is engaged in the business of development and operations of theme-based entertainment destinations in India, including theme parks, water parks and associated activities, including retail merchandising and food and beverages (F&B).

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