Juniper Hotels Acquires 100% of JHAPL SPV

Juniper Hotels board approved acquiring 100% equity in its related party SPV, Juniper Hospitality Assets Private Limited, for ₹1 lakh.
JHAPL is a special purpose vehicle incorporated to develop a 5-star hotel on a 2.524-acre land parcel in Dwarka, New Delhi.
The transaction is a related party transaction but is not material and does not require shareholder approval under SEBI LODR.
The acquisition aligns with the company's core hospitality business and was made pursuant to a Letter of Award from the DDA.