Lemon Tree Hotels Limited has informed the Exchange regarding 'Approval of Competition Commission of India for the acquisition of certain equity shares of Fleur Hotels Limited by Coastal Cedar Investments BV and the internal restructuring of the Company group through amalgamation and demerger'.
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Lemon Tree Hotels has received Competition Commission of India (CCI) approval for two proposed transactions. First, Coastal Cedar Investments BV will acquire certain equity shares of Fleur Hotels Limited. Second, the company group will undergo internal restructuring through amalgamation and demerger. This CCI approval is a key regulatory milestone that moves the transactions closer to completion. The detailed order from CCI is still awaited. The company had previously disclosed these transactions in January 2026 and will now proceed with completing the transactions as per applicable laws.
The CCI approval removes a key regulatory hurdle for the acquisition and restructuring. This is a positive development for shareholders as it signals the transactions are progressing toward completion, though the detailed order and final implementation steps are still pending.