Lemon Tree Hotels Limited: General Updates

M&A / JV 14 Sept 2026 · Announced· ✓ Verified

General Updates - Lemon Tree Hotels Limited has informed the Exchange about Sale or disposal of subsidiary. Pursuant to the execution of the Joint Venture Agreement (JVA), RJ Corp Limited shall acquire 49% stake by subscribing to fresh issuance of equity shares of Arum Hotels Private Limited (Arum). As contemplated under the JVA, Carnation Hotels Private Limited shall hold 51% of the equity share capital in Arum. Upon completion of the aforesaid transactions, Arum shall cease to be a step-down wholly owned subsidiary of the Company, and shall continue as a step-down subsidiary of the Company.

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