LEMON TREE RESTRUCTURING
Lemon Tree Hotels shares soar 13%. What’s keeping traders active?
Lemon Tree Hotels' shares surged over 13% following the announcement of its expansion into Gujarat with a new hotel signing. This move, part of a broader asset-light growth strategy, reinforces the company's focus on tourism and pilgrimage markets. The company is also undergoing a strategic restructuring with Warburg Pincus to unlock shareholder value.
Lemon Tree Hotels shares rally 4% as Warburg Pincus checks in; Nuvama sees 19% upside
Lemon Tree Hotels' shares rose following a strategic reorganisation and a Rs 960 crore investment from Warburg Pincus. The company will split into an asset-light management entity and an asset-heavy development arm, with Fleur Hotels to be separately listed. Nuvama maintains a 'Buy' rating, seeing potential upside from the asset-light model's re-rating.
Where is Chakri Lokapriya putting money amid record market highs?
Some amount of luxury travel, mid-luxury travel, like Lemon Tree Hotels, Indian Hotels, all that will benefit. I think that is the way we are approaching rather than pure FMCG as a sector.
Travel comeback boosts hotel & luggage segments: 5 stocks with up to 39% upside potential
Rising demand, policy support and mega events to support the performance of hotel and luggage stocks.
Stocks in the news: Hero Moto, Vedanta, ONGC, IndiGo, Tata Power and PNB
Hero MotoCorp said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from April 5 to partially offset the impact of increasing commodity prices.
Market Movers: Banks slide but hotels surge on RBI measures
The Reserve Bank of India’s decision to open a special liquidity window for the other sector and other contact-intensive businesses eased their shareholders’ concerns over their financial health.
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Second coronavirus wave crashes hotel chains' recovery hopes
Occupancy levels have plummeted to low single digits or nil – except for quarantine or other pandemic-related business – in many states that have imposed lockdowns, and have fallen drastically in other states where case counts are on the rise.
Hospitality industry hopes for 'genuine' implementation of RBI's resolution framework by banks
Hospitality and tourism industry insiders said they hoped banks will genuinely implement RBI's resolution framework to save the sector ravaged by the Covid-19 pandemic.
SGX Nifty up 15 points; here's what changed for market while you were sleeping
Nifty futures on the Singapore Exchange traded 16 points, or 0.14 per cent higher at 11,132, in signs that Dalal Street was headed for a positive start on Thursday.
Lockdown, Day 67: Will India take leap of faith?
On jobs front, top 5 insurance companies believe that they can hire upto 5000 people on business boom. Tata Steel also confirmed to honour all the offers it has made and start off digital training for fresh hires.
Covid-19: Anxieties, life hacks and takeaways from India’s CEOs who are navigating uncharted territory
An unprecedented business crisis looms. And no one can see light at the end of the tunnel. “The world is staring down the barrel of a recession,” says Biocon’s Kiran Mazumdar-Shaw.
Stocks in the news: YES Bank, Airtel, Tata Motors, HCL Tech and L&T Finance
Vodafone Idea announced new plans under which call and data charges will be dearer for its pre-paid customers.
Stocks in the news: YES Bank, RNAM, SBI Life, Trent, ZEEL, DHFL and PTC India
DLF is planning to focus more on food and beverages and allocate around 20 per cent of space to the dining options.
Hotel industry expects big deals including distress sales in 2017
According to JLL, most hotel transactions today are occurring at replacement, or a slight discount to replacement cost, keeping both the seller and the buyer content with the target price.
Lemon Tree Hotels' president and executive director Rahul Pandit quits
He earlier had a stint at Tata Group's Indian Hotels Company, working in different operations roles at the Taj Hotels unit between 1994 and 2001.
Mid-market hotels considering exit options through total sales of their equity holdings
The outcome: more than 100 key midmarket hotels are on the block today. “There are more than 100 hotels, across all tiers and pan-India."
Stocks to watch: Bharti Airtel, Satyam Computers, Reliance Industries, M&M, GMR Infra
Indian rupee rose by 16 paise to 51.35 against the dollar on expectations of capital inflows in the domestic stock market and weakness of the dollar against other major currencies.
Dawnay Day's hotels on the block
ITC, Royal Orchid, Pride Hotels, Sarovar group, Lemon Tree, DLF and Paraswanath have made a pitch for the deal, which is valued at around Rs 500-700 crore.
Lemon Tree plans to hive off assets
Hotel chain Lemon Tree is looking to transfer all its assets to a subsidiary company in which it will also seek private equity participation.
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