Lemon Tree Hotels Aims for Debt-Free Status Through Strategic Subsidiary Listing
Friday, 9 August 2024, 22:18
Overview of Lemon Tree Hotels' Debt Reduction Strategy
Lemon Tree Hotels has initiated a plan to eradicate its current debt burden of Rs 1800 crore. The company's management has promised shareholders that a debt-free status is on the horizon.
Key Initiatives
- IPO of Fleur Hotels: Listing its subsidiary is a primary step towards achieving financial stability.
- Shareholder Assurance: Management has reiterated their commitment to expediting this process.
Conclusion
By pursuing these initiatives, Lemon Tree Hotels aims to position itself for long-term growth and enhance shareholder value.
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