Juniper Hotels gains on executing Share Purchase Agreement to acquire 100% stake in Jenipro Hotels
Juniper Hotels is currently trading at Rs. 283.70, up by 7.75 points or 2.81% from its previous closing of Rs. 275.95 on the BSE.
The scrip opened at Rs. 284.75 and has touched a high and low of Rs. 287.00 and Rs. 280.70 respectively. So far 7375 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 538.00 on 08-Apr-2024 and a 52 week low of Rs. 224.50 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 287.00 and Rs. 259.00 respectively. The current market cap of the company is Rs. 6326.86 crore.
The promoters holding in the company stood at 77.53%, while Institutions and Non-Institutions held 19.03% and 3.44% respectively.
Juniper Hotels has executed a Share Purchase Agreement (SPA) with Jenipro Hotels and its selling shareholder on March 18, 2025 to acquire 100% of the equity share capital of Jenipro Hotels. Post acquisition, Jenipro Hotels will become wholly owned subsidiary of the Company.
In February, the company had received approval from Board of Directors for the acquisition of 100% of the equity share capital of Jenipro Hotels from its existing shareholders.
Juniper Hotels is co-owned by Saraf Hotels and Two Seas Holdings, an affiliate of global hospitality entity Hyatt Hotels Corporation. The hospitality firm has a portfolio of seven hotels and serviced apartments and operates 1,836 keys across the luxury, upper upscale and upscale category of hotels across India.
