Juniper Hotels Limited has executed a Share Purchase Agreement (SPA) with Juniper Hospitality Assets Private Limited (JHAPL) and its Seller shareholders on June 02, 2026. This follows a prior intimation dated May 21, 2026 (Reference No. JHL/SJ/2026/32) regarding the proposed acquisition.
Transaction Details
- Purpose: To develop a 5 Star Hotel property on a land parcel in Sector 23, Dwarka, New Delhi, admeasuring approximately 2.524 acres. JHAPL had been declared as successful bidder for license rights of the said land.
- Shareholding Change: Prior shareholding in JHAPL was Nil. Post-acquisition, the Company now owns 100% of JHAPL shares, making it a wholly-owned subsidiary.
- Related Party Status: JHAPL is a related party due to common promoter/directors. 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 of Juniper Hotels Limited.
- Regulatory Classification: The transaction falls within related party transactions under Section 2(76) of Companies Act, 2013 and Regulation 2(1)(zb) of SEBI Listing Regulations, 2015.
- Arm's Length Consideration: The requirement of determining arm's length pricing is not applicable as JHAPL was recently incorporated on March 17, 2026, with minimum paid-up capital of ₹1 lakh only, and all transactions are for development of the specific land parcel.
Additional Information
- JHAPL incorporation date: March 17, 2026
- Paid-up capital: ₹1 lakh
- No special rights like right to appoint directors, first right to share subscription, or right to restrict capital structure changes were mentioned
- No issuance of shares involved in this transaction
- No potential conflict of interest or other disclosures required
Availability
The disclosure is available on the Company's website at www.juniperhotels.com
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