Lemon Tree Hotels Limited

Lemon Tree Hotels Limited has informed the Exchange about Sale or disposal of subsidiaryPursuant to the execution of the Joint Venture Agreement (JVA), RJ Corp Limited shall acquire 49% stake by subscribing to fresh issuance of equity shares of Arum Hotels Private Limited (Arum)As contemplated under the JVA, Carnation Hotels Private Limited shall hold 51% of the equity share capital in ArumUpon completion of the aforesaid transactions, Arum shall cease to be a step-down wholly owned subsidiary of the Company, and shall continue as a step-down subsidiary of the Company|SUBJECT: General Updates



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