Value Lens: Why Lemon Tree’s purchase of Keys Hotels appears pricey

By Ankit Agarwal

  • 02 Jul 2019
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Credit: Pixabay

In March last year, Lemon Tree Hotels Ltd became the first hotel chain in India to float an initial public offering in nearly a decade. At the time, analysts warned the company’s valuation seemed steep. Fifteen months on, Lemon Tree’s valuation remains high. And now, it is buying another company ......

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