Lemon Tree Shares Soar on Acquisition Buzz, Company Denies Warburg Pincus Deal

• Lemon Tree Hotels shares surged over 4% following a CNBC-TV18 exclusive report on a potential stake acquisition.
• The report suggested Private Equity firm Warburg Pincus was likely to acquire a meaningful stake in Lemon Tree Hotels.
• The deal was reportedly in two tranches, involving APG Strategic RE Pool's 14.99% stake and a preferential allotment.
• Lemon Tree Hotels later issued a clarification, categorically denying any ongoing negotiations or proposals with Warburg Pincus.
• Despite the company's denial, Lemon Tree shares continued to trade higher, up 4.4% at ₹157.7.

Why It Matters: Lemon Tree shares jumped on acquisition rumors, but the company denied any deal with Warburg Pincus.