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 attached.
LEMONTREE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NSE asked Lemon Tree Hotels to clarify after a Moneycontrol/CNBC-TV18 report said Warburg Pincus may acquire a stake in the company, which pushed the stock up about 5%. The company categorically denied any ongoing or past negotiations, discussions, agreements, or proposals with Warburg Pincus for acquiring shares (from APG Strategic RE Pool or otherwise), and said no preferential allotment to Warburg Pincus is under consideration. It called the media report 'factually incorrect and misleading' and confirmed no Board-approved transaction exists. The company added that it evaluates strategic and financial options in the ordinary course, including for its subsidiaries, but nothing is binding yet. It stated there is no undisclosed price-sensitive information that could explain the stock movement.
The 5% rally was built on an unconfirmed media report, so this denial may trigger a sharp pullback in Lemon Tree Hotels shares as speculative positioning unwinds. Investors should treat media-driven spikes without company confirmation with caution.