JUNIPER HOTELS: BINDING MOU SIGNED FOR HOTEL ACQUISITION WORTH OVER RS 248 CR

• Binding Memorandum of Understanding (MoU) signed with Imagicaaworld Entertainment Limited for acquisition of Novotel Imagicaa hotel in Khopoli, Maharashtra. • Acquisition consideration is ~₹248 Cr (Rupees Two Hundred Forty-Eight Crores Only), subject to customary adjustments. • The property spans approximately 11 acres with a built-up area of 2,80,000 sq. ft., comprising 287 guest rooms and associated facilities. • The transaction is not a related party transaction and is done at arm's length. • Definitive documents are expected to be executed shortly.

Juniper Hotels Ltd

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