Lemon Tree Hotels surges 8% on announcing JV with Warburg Pincus

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