Lemon Tree Hotels IPO kicks off on March 26; here are the details
Lemon Tree Hotels IPO is an offer for sale (OFS) and comprises sale of up to 195,797,000 equity shares by existing shareholders such as Maplewood, RJ Corp, RKJ HUF, Five Star, Palms International, Citron and Whispering Resorts.
Lemon Tree is largely backed by Warburg Pincus and also counts Dutch pension fund APG as an investor. Image source: Zee Business