Juniper Hotels Proposes ₹248 Crore Acquisition Of Novotel Imagicaa

Proposed acquisition of Novotel Imagicaa operating hotel undertaking at Khopoli near Mumbai from Imagicaaworld Entertainment for Rs 248 crore cash for 287-key leisure hotel with restaurants banquets, expected completion by March 31 2027 subject to definitive agreements and approvals, no shareholding as asset deal.