Juniper Hotels Limited — Others, 15-05-2025: Monitoring Agency Report

Juniper Hotels Limited has announced a Monitoring Agency Report on the utilization of its Rs. 1800 Cr IPO proceeds for the quarter ending March 31, 2025. The company has fully used Rs. 1500 Cr for repayment of borrowings linked to acquisitions, with no deviation from planned uses. Out of Rs. 233.08 Cr allocated for general corporate purposes, Rs. 77.16 Cr has been spent, including a small TDS reimbursement. The remaining Rs. 155.92 Cr is invested in fixed deposits earning 7.4% p.a. Borrowing repayment faced slight delays, but overall progress aligns with objectives and there are no adverse impacts.