HSBC Mutual Fund decreased its stake in Lemon Tree Hotels from 2.84% to 2.61%, selling 1,846,529 shares. The value of shares sold is ₹22.28 crore, calculated at a share price of ₹120.62.
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 HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.
