{
  "id": 7971806,
  "title": "Juniper Hotels shares rise 2% on proposed Rs 248 crore acquisition of Novotel Imagicaa",
  "url": "https://urgent.news/2026/09/17/juniper-hotels-shares-rise-2-on-proposed-rs-248-crore-acquisition-of",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-17T06:16:51.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/juniper-hotels-shares-rise-2-on-proposed-rs-248-crore-acquisition-of-novotel-imagicaa/articleshow/134303242.cms"
  },
  "original_language": "en",
  "account": "Juniper Hotels shares experienced a 2% increase on Thursday, reaching a peak of Rs 219.07 on the NSE. The company proposed to acquire Novotel Imagicaa, a hotel in Khopoli, Maharashtra, for a total of Rs 248 crore. The transaction involves purchasing the operating hotel undertaking, which spans about 11 acres, including 287 guest rooms and associated facilities. The addition of this 287-key hotel to Juniper's portfolio strengthens its presence in the Mumbai-Pune corridor, catering to leisure, social, and MICE demand. The acquisition aligns with Juniper's goal of building a collection of large, high-quality hotels in key Indian destinations. The proposed deal does not require the company to issue any new shares, and it is expected to generate stable cash flows immediately.",
  "summary": "Juniper Hotels shares rose on Thursday after the company proposed acquiring the operating Novotel Imagicaa hotel in Maharashtra for Rs 248 crore. The 287-key property, located in Khopoli, spans around 11 acres and includes restaurants, banquet and meeting facilities. The acquisition is aimed at expanding Juniper’s presence in the Mumbai-Pune corridor.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}