<h1>Lemon Tree Hotels Limited and Partners Mutually Terminate Agreements for Kanha Wildlife Resort</h1>
<p>Lemon Tree Hotels Limited has announced the mutual termination of key agreements concerning the hotel operation at Lemon Tree Wildlife Resorts, Kanha.</p><p>The termination involves the Hotel Operating Agreement dated October 07, 2022, and the Amendment Agreement from July 17, 2024. These agreements were executed among M/s. Rohit Dyechem Private Limited (Owner) and M/s. Carnation Hotels Private Limited (Operator).</p><p>The License Agreement and its corresponding Amendment Agreement, also dated October 07, 2022 and July 17, 2024 respectively, which involved the company, the Operator, and the Owner, pertain to the hotel operating under the brand name 'Lemon Tree Wildlife Resorts, Kanha'. All parties confirmed that the agreements were mutually terminated on this date.</p><p>Regarding the corporate impact of this termination, Lemon Tree Hotels Limited stated that there is no significant financial consequence arising from the dissolution of the aforesaid agreements.</p>
LEMONTREE Stock Price Movement
Lemon Tree Hotels Limited shares on Tuesday slipped by 2.47% to settle at ₹114.86, down from its previous close. The stock saw a total traded volume of 2.15 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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