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An update from Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) is now available.
Lemon Tree Hotels has granted 9,916,000 Stock Appreciation Rights (SAR) units to eligible employees under its LTHL Stock Appreciation Rights Scheme 2024, following approval by the company’s Nomination and Remuneration Committee. The SARs, priced at Rs 129.37 per unit based on the prior day’s closing market price, will vest over a period starting no earlier than two years from the grant date and up to a maximum of eight years, with a one-year exercise window post-vesting. Settlement will be through the allotment of shares corresponding to the appreciation realized on exercise, aligning employee incentives with shareholder value and signaling a continued emphasis on long-term performance-linked compensation and talent retention within the company.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited is an Indian hotel company operating in the hospitality industry, with a portfolio focused on midscale and economy hotels across key urban and business locations in India. Headquartered in Gurugram with a corporate office in New Delhi, it targets business and leisure travelers through its branded hotel network and associated services.
Average Trading Volume: 227,432
Technical Sentiment Signal: Sell
Current Market Cap: 102.4B INR
For detailed information about LEMONTREE stock, go to TipRanks’ Stock Analysis page.