Lemon Tree Hotels stock jumps on Warburg Pincus-backed Fleur split as brokerages flag upside
Lemon Tree Hotels shares rose nearly 2% Monday after announcing a restructuring that brings Warburg Pincus into its property arm and splits the business into separate management and ownership entities. The plan, filed with the NCLT, will see Fleur Hotels spun off and listed within 12–15 months, expanding its portfolio to 41 hotels. Brokerages maintained “buy” ratings with targets up to 187 rupees.
