Lemon Tree Hotels Limited
Franklin Templeton Mutual Fund trimmed its stake in Lemon Tree Hotels from 5.33% to 4.81%, selling 41,86,291 shares and falling below the 5% disclosure threshold.
India's largest mid-priced hotel chain operates a diverse portfolio of properties across upscale, upper-midscale, midscale, and economy segments. The company delivers differentiated yet superior service offerings with a strong value-for-money proposition, catering to varied customer preferences. Its multi-brand approach and strategic positioning make it the third-largest overall hotel chain in India's competitive hospitality sector.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.