Acquisition / mergerFiled on BSE ·
Juniper Hotels Limited signs MoU to acquire Novotel Imagicaa hotel in Khopoli
Juniper Hotels · Leisure Services
What the filing says
- Juniper Hotels Limited entered a Binding Memorandum of Understanding with Imagicaaworld Entertainment Limited on October 5, 2026.
- The acquisition is for the operating hotel Novotel Imagicaa, located in Khopoli near Mumbai, Maharashtra, for ₹248 crore, subject to taxes and other adjustments.
- The property covers approximately 11 acres with a built-up area of about 280,000 sq. ft., featuring 287 guest rooms and associated hotel infrastructure.
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.