Shares of Juniper Hotels gained nearly 2% on Thursday, hitting a day’s high of Rs 219.07 on the NSE, after the company announced a proposal to acquire the operating Novotel Imagicaa hotel in Khopoli, Maharashtra, for an aggregate lumpsum consideration of Rs 248 crore.
According to an exchange filing, the company said the proposed transaction involves the acquisition of Novotel Imagicaa, an operating hotel undertaking in Khopoli, Raigad district, Maharashtra. The aggregate lump-sum purchase consideration is Rs 248 crore, or approximately Rs 86 lakh per key, subject to the terms and conditions of the definitive agreements.
