Acquisition Alert: Luxury Hotel Chain Expands with New 5-Star Resort

The transaction results in Juniper Hotels owning 100 per cent of Jenipro, making it a wholly owned subsidiary.

Juniper Hotels Limited has taken a significant step in its expansion strategy by executing a Share Purchase Agreement to acquire Jenipro Hotels Private Limited. This acquisition marks a strategic move to develop a 5-star hotel or resort of international standards on leased land in Kaziranga, Assam, under a Public-Private Partnership model with the Assam Tourism Development Corporation Limited. The transaction results in Juniper Hotels owning 100 per cent of Jenipro, making it a wholly owned subsidiary.

This acquisition is a related party transaction, as Juniper Investments Limited, a promoter of Juniper Hotels, is also a shareholder in Jenipro. The transaction's valuation was determined based on an independent chartered accountant's report and a registered valuer's certificate.

As of March 19, 2025, 15:40, Juniper Hotels' stock traded at an intraday high of Rs 287 per share and an intraday low of Rs 280.70 per share. The stock has a 52-week high of Rs 538 per share and a low of Rs 224.50 per share. The market capitalization of the company stands at Rs 6,300 crore.

Juniper Hotels Limited, established in September 1985, is a prominent player in the luxury hotel development and ownership sector in India. The company boasts a portfolio of seven hotels, including 245 serviced apartments, strategically located across the country, offering a total of 1,836 keys.

Disclaimer: The article is for informational purposes only and not investment advice.