Iora Hotels Pvt Ltd receives occupancy certificate from MMRDA for hotel near Mumbai Airport

Lemon Tree Hotels Limited's step down/material subsidiary "Iora Hotels Private Limited" has received "Occupancy Certificate" today (at 06:00 p.m) from Mumbai Metropolitan Region Development Authority ('MMRDA') for its hotel located near Mumbai International Airport, Mumbai. The Occupancy certificate shall remain valid until cancelled/withdrawn by Authorities.

Above hotel shall comprise 669 rooms which shall be named "Aurika, Mumbai Skycity" and once operational shall increase the total number of owned/leased rooms of the Company by ~13%.

Shares of Lemon Tree Hotels Limited was last trading in BSE at Rs. 118.10 as compared to the previous close of Rs. 113.90. The total number of shares traded during the day was 707505 in over 6069 trades.

The stock hit an intraday high of Rs. 118.50 and intraday low of 113.65. The net turnover during the day was Rs. 82881456.00.

Source : Equity Bulls

Keywords

LemonTreeHotels INE970X01018 IoraHotels OccupancyCertificate MMRDA MumbaiInternationalAirport