CCI approves acquisition of certain equity shares by Coastal Cedar Investments B.V. in Fleur Hotels and internal restructuring of Lemon Tree Hotels group through amalgamation and demerger

**Summary of Competition Commission of India (CCI) Approval: Coastal Cedar Investments B.V. and Lemon Tree Hotels Group** **Overview** On April 7, 2026, the Competition Commission of India (CCI) approved the acquisition of specific equity shares in Fleur Hotels Limited (FHL) by Coastal Cedar Investments B.V. (Coastal). Additionally, the CCI sanctioned the internal restructuring of the Lemon Tree Hotels Limited (LTH) group through a process of amalgamation and demerger. **Key Parties Involved** * **Coastal Cedar Investments B.V. (Acquirer):** An investment holding company incorporated in the Netherlands, wholly owned and managed by the Warburg Pincus Group. * **Lemon Tree Hotels Limited (LTH):** A hospitality company serving a diverse range of customers, including value-conscious, premium business, and leisure travelers. * **Fleur Hotels Limited (FHL):** A subsidiary of LTH that directly and indirectly owns and leases hotels. * **Amalgamating and Demerging Entities:** The following wholly owned subsidiaries of LTH, active in the Indian hotel sector, are involved in the restructuring: * Hamstede Living Private Limited * Carnation Hotels Private Limited * Canary Hotels Private Limited * Oriole Dr. Fresh Hotels Private Limited * Manakin Resorts Private Limited * Sukhsagar Complexes Private Limited * **LTH Promoter Group:** Includes Ms. Ila Dubey, Ms. Lillette Dubey, Spank Management Services Private Limited (SMSPL), and Sparrow Buildwell Private Limited (SBPL). **Transaction Details** The approved combination consists of two primary components: 1. The acquisition of certain equity shares in Fleur Hotels Limited by Coastal Cedar Investments B.V. 2. An internal organizational restructuring of the Lemon Tree Hotels group executed through amalgamation and demerger of its specified subsidiaries. **Administrative Information** * **Posting Date:** 07 APR 2026, 8:26 PM * **Location:** PIB Delhi * **Release ID:** 2249855 * **Visitor Counter:** 198 * **Status:** A detailed order from the Commission is expected to follow.

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