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An update from Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) is now available.
Lemon Tree Hotels Ltd. has disclosed a revised tax demand of Rs. 42,92,353 received by its subsidiary, Berggruen Hotels Private Limited, from the Commercial Tax Officer in Bangalore. The demand includes tax, interest, and penalty under the CGST and KGST Acts for the 2018-19 period. The company believes the demand is not maintainable and is considering filing an appeal, indicating no significant impact on its financial operations beyond the specified amount.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Ltd. operates in the hospitality industry, primarily focusing on providing hotel accommodations and related services. The company is known for its chain of hotels across India, catering to both business and leisure travelers.
Average Trading Volume: 207,684
Technical Sentiment Signal: Strong Buy
Current Market Cap: 125.4B INR
For an in-depth examination of LEMONTREE stock, go to TipRanks’ Overview page.