Lemon Tree Hotels Ltd - 541233 - Intimation Under Regulation 30(9) Of SEBI(Listing Obligations & Disclosure Requirement) Regulations, 2015
Dear Sir We wish to inform you that the Board of Directors of Lemon Tree Hotels Limited (the "Company") at its meeting, has, inter-alia, considered the following transactions which are approved by the Board of Directors of the Fleur Hotels Private Limited ('FHPL'), material subsidiary of the Company: 1.Approval for acquisition of 100% of voting rights of Berggruen Hotels Private Limited ('BHPL') by Fleur Hotels Private Limited ('FHPL') subject to execution of definitive documentation. 2.Approval of the Scheme of Amalgamation of Meringue Hotels Private Limited (Wholly Owned subsidiary of the Company') into Fleur Hotels Private Limited, subject to requisite approvals. 3.Approval for the issuance of Compulsorily Convertible Preference Shares by Fleur Hotels Private Limited to its existing shareholders (viz: Company and APG Strategic Real Estate Pool N.V), subject to requisite shareholders approval. This is for your information and record.29-06-2019