Juniper Hotels Limited — Others, 11-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Juniper Hotels Limited has submitted a statement confirming that there is no deviation or variation in the utilization of funds raised through its public issue of 5 crore equity shares, aggregating ₹1,800 crores. The funds were primarily allocated for repayment of outstanding borrowings and general corporate purposes, with nearly all allocated resources utilized as planned. This clarity should bolster investor confidence by demonstrating effective fund management and adherence to financial strategies. Overall, this announcement reflects a stable financial posture, potentially boosting positive sentiment among investors.