The Board of Directors of Juniper Hotels at its meeting held today, 11 February 2025, has approved the acquisition of 100% of the equity share capital of Jenipro Hotels (Jenipro) from its existing shareholders (Sale Shares). The Company will enter into a Share Purchase Agreement (SPA) with Jenipro and its existing shareholders to give effect to the acquisition. Upon completion of the acquisition of the Sale Shares, Jenipro will become a wholly-owned subsidiary of the Company.
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