Announced Mon, 5 Oct, 2026 · 18:38 IST
Juniper Hotels to acquire Novotel Imagicaa for Rs 248 Cr
JUNIPER · price
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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹217.00
prior close
₹218.90
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AI summary
Juniper Hotels has signed a binding MoU to acquire Novotel Imagicaa, a 287-room operating hotel in Khopoli near Mumbai, from Imagicaaworld Entertainment for Rs 248 Crores. The property spans about 11 acres with around 2.8 lakh sq ft built-up area, including restaurants, banquet facilities and recreational amenities. Not a related-party transaction and no share issuance involved. Board approved on Sept 16, 2026; definitive documents to follow shortly.
Likely market impact
Adds a sizeable operating hotel near Mumbai, expanding rooms and revenue base. All-cash deal with no dilution for shareholders.