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.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets