Shares of Juniper Hotels Ltd surged nearly 3% to ₹283.75 after the company announced the acquisition of Jenipro Hotels Private Limited through a Share Purchase Agreement (SPA) on March 18, 2025. The acquisition paves the way for the development of a five-star luxury resort in Kaziranga, Assam.
Jenipro Hotels holds a long-term lease for land in Kaziranga from the Assam Tourism Development Corporation Ltd, and the project will be executed under a Public-Private Partnership (PPP) model. Following the acquisition, Jenipro Hotels is now a wholly-owned subsidiary of Juniper Hotels.
The deal was executed at ₹2,747.43 per share, as per an independent valuation report. This strategic investment aligns with Juniper Hotels’ long-term plan to expand its presence in premium tourist destinations.
The luxury resort is expected to boost high-end tourism in Assam and strengthen the company’s footprint in the hospitality sector. Investors responded positively to the development, pushing the stock nearly 3% higher in today’s session. Further updates regarding the project timeline and financial commitment are expected from the company.
