Lemon Tree Hotels gains on inking non-binding time period sheet to gather Keys Hotels by admin- Thursday, March 14th, 2019 04:21:35 PM
Lemon Tree Hotels is presently buying and selling at Rs. Eighty three.50, up by 0.15 factors or zero.18% from its previous ultimate of Rs. Eighty three.35 on the BSE.
The scrip opened at Rs. Eighty four.45 and has touched a excessive and low of Rs. Eighty five.Forty and Rs. 83.20 respectively. So a long way 29869 stocks have been traded at the counter.
The BSE group ‘A’ inventory of face price Rs. 10 has touched a fifty two week high of Rs. Ninety one.00 on 23-Apr-2018 and a 52 week low of Rs. 57.30 on 09-Apr-2018.
Last one week excessive and low of the scrip stood at Rs. 89.15 and Rs. 78.05 respectively. The modern-day market cap of the agency is Rs. 6646.95 crore.
The promoters preserving in the business enterprise stood at 30.89%, at the same time as Institutions and Non-Institutions held 22.Sixteen% and forty six.96% respectively.
Lemon Tree Hotels has signed a non-binding term sheet with Berggruen Hotels, a corporation owning and working motels below numerous brands i.E Keys Prima, Keys Select and Keys Lite in India, hereinafter known as Keys Hotels and Berggruen Investments a organization integrated in Mauritius (Holding Company of Keys Hotels) for acquisition of a hundred% of the shareholding of Keys Hotels by company immediately or via its subsidiaries. Final consummation of the transaction will be subject to the due diligence and obtaining needful approvals.