Investor Coastal Cedar Investments B.V. completed acquisition of 41.09% of equity share capital of Fleur Hotels Limited (FHL)
Transaction consummated on May 22, 2026 (Closing Date)
Executed pursuant to Share Purchase Agreement dated January 9, 2026
Parties involved: Lemon Tree Hotels Limited, APG Strategic Real Estate Pool N.V., Coastal Cedar Investments B.V., and Fleur Hotels Limited
Equity Holding Impact
Transfer does not cause any change in percentage of Company's equity shareholding in FHL
FHL remains subsidiary of Lemon Tree Hotels Limited
Agreement Changes
Subscription and Shareholders' Agreement dated April 25, 2012 (as amended by addendums dated June 26, 2024 and September 15, 2025) terminated
Termination effected through Termination Agreement dated April 24, 2026
New Shareholders' Agreement dated January 9, 2026 has come into effect
Parties to new agreement: FHL, Lemon Tree Hotels Limited, Coastal Cedar Investments B.V., Mr. Patanjali Govind Keswani (Promoter), and Spank Management Services Private Limited
