14-Sept-2026 21:11:31
LEMONTREEExpansion
LEMON TREE HOTELS : JOINT VENTURE AGREEMENT WITH RJ CORP FOR AURIKA SHILLONG PROJECT
• Carnation Hotels Private Limited, a wholly owned subsidiary, and RJ Corp have entered into a Joint Venture Agreement for Arum Hotels Private Limited (SPV). • The JV aims to develop and execute the Aurika Shillong project. • Upon completion, Carnation Hotels will hold a 51% stake and RJ Corp a 49% stake in Arum Hotels. • RJ Corp will subscribe to 47,65,394 equity shares of face value ₹10 each in Arum Hotels. • Arum Hotels reported NIL turnover and a net worth of ₹(12.97) Lakhs in the last financial year.
Lemon Tree Hotels Limited
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