Juniper Hotels Limited has executed a Share Purchase Agreement (SPA) on June 02, 2026, to acquire shares of Juniper Hospitality Assets Private Limited (JHAPL). This follows a previous intimation dated May 21, 2026, regarding the proposed acquisition. With this agreement, Juniper Hotels Limited will now own 100% of JHAPL, making it a wholly owned subsidiary. The purpose of this agreement is to develop a 5-star hotel property on a land parcel in Sector 23, Dwarka, New Delhi, measuring approximately 2.524 acres, for which JHAPL has secured the license rights. JHAPL was recently incorporated on March 17, 2026, with a paid-up capital of ₹1 lakh. The transaction involves related parties, as JHAPL has common directors/relatives with Juniper Hotels Limited, and Mr. Arun Kumar Saraf is a promoter of Juniper Hotels Limited. Mr. Varun Saraf, son of Mr. Arun Kumar Saraf, belongs to the Promoter Group. As the transactions are for the development of the specified land parcel and JHAPL was recently incorporated, the requirement of determining arm's length pricing is not applicable. The agreement does not involve the issuance of shares, and there are no other specific disclosures such as nominee directors or potential conflicts of interest mentioned as not applicable.
