Lemon Tree Hotels Limited has informed the Exchange about Transfer of Equity Shares of Material Subsidiary Company Pursuant to Share Purchase Agreement (SPA) dated January 9, 2026.
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Lemon Tree Hotels has completed a strategic investment transaction in its material subsidiary, Fleur Hotels Limited (FHL). An investor, Coastal Cedar Investments B.V., acquired 41.09% equity stake in FHL on May 22, 2026, as per the Share Purchase Agreement dated January 9, 2026. The transaction involved termination of the old shareholders' agreement (dated 2012) and activation of a new shareholders' agreement involving the company, APG, the investor, and the promoter. Importantly, Lemon Tree's percentage ownership in FHL remains unchanged, and FHL continues to be a subsidiary of the company.
This is a partial stake sale in the subsidiary to a strategic investor, bringing in fresh capital without diluting Lemon Tree's control over FHL. The stockholding structure in the listed entity remains unaffected as FHL stays a subsidiary.