Insider buying reported in Lemon Tree Hotels Ltd

Sparrow Buildwell Private Limited, part of promoter group of Lemon Tree Hotels Ltd has acquired 8,00,000 equity shares of the company for a total consideration of Rs. 4,29,50,517.00. The shares were bought on August 22, 2019 and August 23, 2019.

With this deal, the promoter group entity has raised its stake to 66,83,280 equity shares (0.84%) from 58,83,280 equity shares (0.74%).

Toucan Real Estates Private Limited, part of promoter group of Lemon Tree Hotels Ltd has purchased 11,00,000 equity shares of the company on August 23, 2019. The shares were purchased for a total consideration of Rs. 5,92,76,729.00.

With this purchase, the promoter group entity has increased its stake from 7,20,000 equity shares (0.09%) to 18,20,000 equity shares (0.23%.)

Shares of Lemon Tree Hotels Ltd was last trading in BSE at Rs.53.55 as compared to the previous close of Rs. 53. The total number of shares traded during the day was 8399 in over 239 trades.

The stock hit an intraday high of Rs. 55.05 and intraday low of 52.4. The net turnover during the day was Rs. 448315.

Source : Equity Bulls

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