Lemon Tree Hotels intended to list its subsidiary, Fleur Hotels, soon to address its Rs 1850 crore debt. Fleur Hotels includes 4,000 rooms and major properties. Despite election and heat wave challenges, Q1 2025 marked the highest revenue for Lemon Tree, although occupancy slightly decreased, and renovation investments impacted EBITDA margins.
Bank stocks lead market recovery as Nifty closes above 25,000
On Monday, market indices Sensex and Nifty showed a recovery following heavy intraday losses. Investors reacted positively to gains in banking stocks driven by foreign