Approval of Competition Commission of India
LEMONTREE · price
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Lemon Tree Hotels has received the detailed order from the Competition Commission of India (CCI) for its approval granted under Section 31(1) of the Competition Act, 2002. The CCI approval covers two key matters: (i) acquisition of certain equity shares of Fleur Hotels Limited by Coastal Cedar Investments B.V., and (ii) internal restructuring of the Lemon Tree Hotels group through amalgamations and demerger under a Composite Scheme of Arrangement. The company had previously announced this approval on April 7, 2026, and received the formal detailed order on May 22, 2026.
This regulatory approval clears the path for Lemon Tree Hotels to proceed with its acquisition of Fleur Hotels and complete its internal restructuring. For shareholders, this is a positive development as it allows the company to execute its strategic consolidation plans without regulatory hurdles from a competition standpoint.