An affiliate of Warburg Pincus, Magnolia Grove Investment Limited, and Lemon Tree Hotels Limited will hold 68% and 30% stake, respectively in the JV (Hamstede Living Private Limited). The balance 2% will be held by Mr. Patanjali Keswani, Chairman and Managing Director of Lemon Tree Hotels.
from India Infoline News Service http://bit.ly/2T9fxO2
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