Lemon Tree Hotels acquires Bandra land for Rs 120 Cr via subsidiary

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

LEMONTREE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹106.90

prior close

₹106.80

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.0%-0.7% vs market

Hotels & Resorts peers, median of 55sector-0.3%-0.3% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 0.3 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.5

15m

-0.3

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7+0.0-0.7-0.3-0.3

Next day

-2.7-1.6-1.0-1.6-1.0

-2.6-2.2-0.3-2.0-0.6

-2.4-2.0-0.5-1.1-1.4

+0.3-3.1+3.4-2.5+2.8

+0.7-2.8+3.5-1.6+2.3

+5.4-1.3+6.7-1.0+6.3

15d

+4.6-4.0+8.5-3.0+7.6

+2.9-8.7+11.6-6.2+9.1

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UpDownMarket · Nifty Smallcap 250Sector · Hotels & Resorts peers, median of 55Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Fleur Hotels, a material subsidiary of Lemon Tree Hotels, completed the acquisition of a 989.30 sq m land parcel in Bandra East, Mumbai for Rs 120 Crores (excluding stamp duty). The land, adjoining Bandra Kurla Complex, will be used to develop a 172-key Lemon Tree Premier hotel. This is the group's 7th property in Mumbai. Not a related party deal.

Likely market impact

Strengthens Lemon Tree's Mumbai presence with 7th property in a prime BKC-adjacent location, supporting growth strategy.