Lemon Tree IPO for Rs 1040-cr kicks off today
26/03/2018
Hospitality chain Lemon Tree Hotels said it has fixed price band between Rs 54 and Rs 56 per equity share for its initial public offer to raise around Rs 1,040 crore, reported PTI. Lemon Tree Hotels’ public offer comprises sale of up to 185,479,400 equity shares by the existing shareholders, including Maplewood, Whispering Resorts, Palms International and RJ Corp. The issue opened today, March 26 and will close on March 28. Lemon Tree, currently the leader in terms of controlling interest in owned and leased rooms has operations spread across the value chain and range from acquiring land to owning, leasing, developing, managing and marketing hotels. Kotak Mahindra Capital Company, CLSA India, JP Morgan India and Yes Securities will manage the company’s public issue. The equity shares are proposed to be listed on the BSE and the NSE.
26/03/2018
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Hospitality chain Lemon Tree Hotels said it has fixed price band between Rs 54 and Rs 56 per equity share for its initial public offer to raise around Rs 1,040 crore, reported PTI. Lemon Tree Hotels’ public offer comprises sale of up to 185,479,400 equity shares by the existing shareholders, including Maplewood, Whispering Resorts, Palms International and RJ Corp. The issue opened today, March 26 and will close on March 28. Lemon Tree, currently the leader in terms of controlling interest in owned and leased rooms has operations spread across the value chain and range from acquiring land to owning, leasing, developing, managing and marketing hotels. Kotak Mahindra Capital Company, CLSA India, JP Morgan India and Yes Securities will manage the company’s public issue. The equity shares are proposed to be listed on the BSE and the NSE.
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