Wonderla Holidays has been granted Local Body Tax (LBT) waiver of 10% by Government of Tamil Nadu for a period of 10 years from the date of commencement of commercial operation subject to the condition that the commercial operation shall be commenced within a period of 2 years from June 2, 2023, which is very positive for the business of the company. With this, the Company expects to commence the operations of the Chennai project at the earliest.
Wonderla Holidays is one of the largest operators of amusement parks in India. It currently owns and operates two amusement parks under the brand name ‘Wonderla’, situated at Kochi and Bangalore and are in the process of setting up its third amusement park in Ranga Reddy District of Andhra Pradesh, Wonderla Hyderabad.
