Juniper Hotels has secured approval to acquire entire equity share capital of Juniper Hospitality Assets (JHAPL) from its existing shareholders. The Board of Directors of the company at its meeting held on May 21, 2026, has approved the same. Post the Board’s approval, the company shall enter into a Share Purchase Agreement (SPA) with JHAPL and its existing shareholders to give effect to the acquisition. Upon completion of the acquisition, JHAPL will become a wholly owned subsidiary of the company. JHAPL is incorporated on March 17, 2026 and is involved in the Hotel Industry.
The acquisition of JHAPL is proposed pursuant to the Letter of Award dated March 02, 2026, issued by the Delhi Development Authority (DDA) for development of a 5-star hotel project at Sector 23, Dwarka, New Delhi. In accordance with the terms of the award, JHAPL was incorporated as a Special Purpose Vehicle (SPV) to undertake the said project. The business activities of JHAPL shall be aligned with the hospitality business of the company.
Juniper Hotels constructs, builds, erects, acquires, purchases, establishes, administrates, manages, runs, or in any manner and in all respects deal in hotels and lodging houses of every kind and description, including all conveniences, amenities and facilities relating or adjunct thereto.
