Lemon Tree Hotels Ltd - 541233 - Announcement under Regulation 30 (LODR)-Acquisition
Dear Sir In terms of the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosures Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we would like to inform that the Board of Lemon Tree Hotels Limited ('Company') has approved acquisition of 70% shareholding of Hamstede Living Private Limited (herein after as 'Hamstede') on March 30, 2021 from other existing shareholders of the Hamstede subject to necessary formalities and execution of documentation in this regard. Consequent to acquisition, Hamstede shall become wholly owned subsidiary of the Company. The details required under Regulation 30 of the SEBI Listing Regulationsread with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are given in Annexure A to this letter. Please take the above information on record and kindly acknowledge. Thanking you,31-03-2021