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

India, April 7 -- The Government of India has issued a release:

The Competition Commission of India (CCI) has approved acquisition of certain equity shares by Coastal Cedar Investments B.V. in Fleur Hotels Limited and internal restructuring of Lemon Tree Hotels Limited group through amalgamation and demerger.

The proposed combination involves the acquisition of certain equity shares by Coastal Cedar Investments B.V. (Coastal) in Fleur Hotels Limited (FHL) and internal restructuring of Lemon Tree Hotels Limited (LTH) group through amalgamation and demerger.

Coastal is an investment holding company incorporated in the Netherlands and is wholly-owned / managed by Warburg Pincus Group.

LTH is a hospitality company, catering to a wide range ...