Juniper Hotels Limited — Important, 11-02-2025: General Updates

The Board of Juniper Hotels Limited has approved the acquisition of 100% equity share capital of Jenipro Hotels Private Limited. Following the execution of a Share Purchase Agreement, Jenipro will become a wholly-owned subsidiary. The acquisition involves a cash consideration of ₹2.74 crore. Jenipro, incorporated in 2023, aims to develop a five-star hotel/resort on a 40,134 sq m plot leased from Assam Tourism Development Corporation under a Public-Private Partnership model. This strategic move is expected to enhance Juniper's portfolio and boost its presence in the hotel industry, aligning with growth objectives in the tourism sector. Potential growth is anticipated post-acquisition, positioning the company favorably in the market.