Corporate Moves in Indian Markets: Lemon Tree, Kirloskar Ferrous, and Keystone Realtors Make Headlines
Lemon Tree Hotels expands its footprint in Gujarat with a new property in Gandhidham, managed by its subsidiary Carnation Hotels. The MOVE targets both religious and leisure travelers, reinforcing the chain's growth in India's hospitality sector.
Keystone Realtors prepares for an Offer for Sale (OFS) on October 15-16, with promoters offloading 3.63% of equity to meet public shareholding norms. The floor price is set at ₹550 per share, with retail investors getting a dedicated bidding window on October 16.
Kirloskar Ferrous Industries suspends operations at its Karnataka plant for 40 days of scheduled maintenance. Meanwhile, Highway Infrastructure secures a critical contract from NHAI, though details of the toll operation project remain undisclosed.