The Exchange has sought clarification from Lemon Tree Hotels Limited with respect to recent news item captioned Warburg Pincus may acquire stake in Lemon Tree Hotels, reports CNBC-TV18; shares up 5%. The response from the Company is awaited.
LEMONTREE · price
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The National Stock Exchange has asked Lemon Tree Hotels to clarify a recent CNBC-TV18 news report that private equity firm Warburg Pincus may acquire a stake in the company. Following this news, Lemon Tree Hotels' shares rose about 5% in trading. The company has not yet responded to the exchange's clarification request. Investors are awaiting official confirmation or denial from the company regarding the reported deal.
Short-term: The 5% share price jump reflects market optimism about a potential Warburg Pincus investment. Until the company clarifies, volatility may persist as traders react to speculative reports.