Lemon Tree Hotels Limited shares jumped 0.070%after the company announced the mutual termination of the Hotel Operating Agreement (HOA) and License Agreement (LA) for Aurika, Coorg. Signed in 2017, these agreements involved STOA Hospitality, Lemon Tree Hotels, and its subsidiary, Carnation Hotels.
The termination, effective immediately, was reached amicably and is aligned with Lemon Tree’s strategic business decisions. The company assured stakeholders that this move would not significantly affect its net worth.
As of 9:50 am, Lemon Tree Hotels shares were trading 0.18% higher at Rs 128.24 on the NSE.
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