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Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ) just unveiled an announcement.
Lemon Tree Hotels has approved a composite scheme of arrangement to simplify its group structure by separating hotel ownership and operations into two dedicated platforms: Lemon Tree as an asset-light hotel management, franchising and digital business, and Fleur Hotels as a large-scale hotel ownership and development company that will hold the group’s hotel assets and lead future acquisitions and projects. As part of this reorganisation, Warburg Pincus affiliate Coastal Cedar Investments will acquire APG’s entire 41.09% stake in Fleur and commit up to ₹960 crore of primary capital to fund Fleur’s expansion, with the scheme also paving the way for a separate listing of Fleur’s shares on NSE and BSE and a governance realignment that will see founder Patanjali Keswani chair Fleur while moving towards a non-executive role at Lemon Tree, positioning the group to capitalise on India’s strengthening hospitality cycle and potentially unlock long-term value for shareholders.
More about Lemon Tree Hotels Ltd.
Lemon Tree Hotels Limited is an Indian hospitality company operating under the Lemon Tree brand, with a focus on hotel management, franchising and related digital services, while its subsidiary Fleur Hotels Limited serves as its hotel ownership and development arm. The group targets the growing domestic travel and hospitality market in India, positioning itself as a prominent mid-market and upscale hotel platform with nationwide presence.
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.