Business Update4 Oct 2024, 03:42 pm
Juniper Hotels Ltd Approves Rs. 280 Crores Term Loan from ICICI Bank for Bangalore Hotel Asset Acquisition
AI Summary
Juniper Hotels Ltd has announced that its Board of Directors has approved a Term Loan of Rs. 280 crores from ICICI Bank Limited. This loan will be utilized to finance the acquisition of a hotel asset in Bangalore, as previously communicated in letter no. JHL/SJ/2024/52 dated August 30, 2024. The specific terms and conditions of the loan agreement will be shared once executed. The Board meeting for this decision took place on October 04, 2024, from 9:30 AM to 10:05 AM.
Key Highlights
- Juniper Hotels Ltd has approved a Term Loan of Rs. 280 crores from ICICI Bank Limited.
- The loan will be used to finance the acquisition of a hotel asset in Bangalore.
- The decision was made during a Board meeting held on October 04, 2024.
- The specific terms and conditions of the loan agreement are yet to be shared.
- The announcement was made available on the company's website at www juniperhotels.com.