BRIEF-Lemon Tree Hotels To Form JV With Magnolia Grove Investment

  • Reuters
  • Stock Market News
BRIEF-Lemon Tree Hotels To Form JV With Magnolia Grove Investment
Credit: © Reuters.

Dec 27 (Reuters) - Lemon Tree Hotels Ltd LEMO.NS :

* AGREED TO ENTER INTO A JOINT VENTURE WITH MAGNOLIA GROVE INVESTMENT LTD

* JV CO WILL CONSTRUCT, ACQUIRE, DEVELOP, OPERATE AND LEASE SHORT- AND LONG-STAY REAL ESTATE PROJECTS

* JV TO ISSUE EQUITY/PREFERENCE SHARES FOR UPTO 15 BILLION RUPEES FOLLOWED BY AN ISSUE WORTH 15 BILLION RUPEES AT OPTION OF JV PARTNERS Source : https:// Further company coverage: LEMO.NS

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles