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The latest update is out from Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ).
Lemon Tree Hotels’ board has approved a Composite Scheme of Arrangement as part of a broader corporate reorganization, following recommendations from its Reorganization, Audit and Independent Directors’ committees. As part of this restructuring, the board also cleared a share purchase agreement under which APG Strategic Real Estate Pool N.V. will sell its entire 41.09% stake in group entity Fleur Hotels Limited to Coastal Cedar Investments B.V., an affiliate of Warburg Pincus, and approved a new shareholders’ agreement among Fleur, Lemon Tree, promoter entities and the incoming investor. These moves signal a significant reshaping of the ownership and governance structure around Fleur, potentially strengthening Lemon Tree’s strategic partnership with Warburg Pincus–backed capital and paving the way for further portfolio or balance-sheet optimization within the hotel platform.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited is an Indian hospitality company that operates and manages a portfolio of hotels across various segments, with a focus on business and leisure travelers in key urban and destination markets. The company runs its properties under multiple brands and maintains corporate and registered offices in Gurugram and New Delhi.
Average Trading Volume: 188,721
Technical Sentiment Signal: Buy
Current Market Cap: 121.4B INR
See more data about LEMONTREE stock on TipRanks’ Stock Analysis page.