Lemon Tree Hotels shares rally 4% as Warburg Pincus checks in; Nuvama sees 19% upside

Lemon Tree Hotels shares rally 4% as Warburg Pincus checks in; Nuvama sees 19% upside

Lemon Tree Hotels' shares rose following a strategic reorganisation and a Rs 960 crore investment from Warburg Pincus. The company will split into an asset-light management entity and an asset-heavy development arm, with Fleur Hotels to be separately listed. …

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