Franklin Templeton reduces stake in Lemon Tree Hotels to 5.017%

Franklin Templeton Mutual Fund reduced its shareholding in Lemon Tree Hotels Ltd by disposing of 613,818 equity shares on June 17, 2026. The sale, executed via the open market, lowered the fund's stake in the hospitality company from 5.095% to 5.017% of the total voting capital. This transaction was disclosed to the stock exchanges in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the disposal, Franklin Templeton Mutual Fund held 40,364,364 shares, representing 5.095% of the company's equity. Following the sale, the fund's residual holding stands at 39,750,546 shares. The total equity share capital of Lemon Tree Hotels Ltd remained unchanged at 792,246,464 shares before and after the transaction. The seller clarified that it does not belong to the promoter or promoter group of the target company.

The breakdown of the transaction across various schemes reveals that the entire sale of 613,818 shares was conducted through the Franklin India Multi Cap Fund. Other schemes under the Franklin Templeton umbrella, including the Franklin India Small Cap Fund, Franklin India Opportunities Fund, and Franklin India Flexi Cap Fund, maintained their existing holdings without any changes. The Franklin India Multi Cap Fund's post-sale holding stands at 23,96,338 shares, or 0.302% of the total share capital.

The following table details the pre-sale and post-sale holdings of Franklin Templeton Mutual Fund across its various schemes:

Name of the schemes	Pre-sell holdings		Number of Shares Sold	% of Total shares	Post-sell holdings
	No. of shares	% of Total shares			No. of shares	% of Total shares
Franklin India Small Cap Fund	1,44,70,368	1.826%	0	0.000%	1,44,70,368	1.826%
Franklin India Opportunities Fund	90,02,650	1.136%	0	0.000%	90,02,650	1.136%
Franklin India Flexi Cap Fund	76,82,853	0.970%	0	0.000%	76,82,853	0.970%
Franklin India ELSS Tax Saver Fund	33,03,337	0.417%	0	0.000%	33,03,337	0.417%
Franklin India Multi Cap Fund	30,10,156	0.380%	6,13,818	0.077%	23,96,338	0.302%
Franklin India Balanced Advantage Fund	13,95,690	0.176%	0	0.000%	13,95,690	0.176%
Franklin India Aggressive Hybrid Fund	13,49,310	0.170%	0	0.000%	13,49,310	0.170%
Franklin India Retirement Fund	1,20,000	0.015%	0	0.000%	1,20,000	0.015%
Franklin India Conservative Hybrid Fund	30,000	0.004%	0	0.000%	30,000	0.004%
Total	4,03,64,364	5.095%	6,13,818	0.077%	3,97,50,546	5.017%

The disclosure was signed by Saurabh Gangrade, Compliance Officer for Franklin Templeton Mutual Fund, on June 18, 2026. Copies of the filing were submitted to BSE Ltd and the National Stock Exchange of India Ltd for public record.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.05%	+9.03%	+3.85%	-28.89%	-16.99%	+173.04%

Lemon Tree Hotels opened Lemon Tree Hotel, Sri Ganganagar, marking its 13th operational hotel in Rajasthan. The new property adds to the company's network of 23 hotels across the state and enters the market of Sri Ganganagar, a region known for its agricultural prosperity and trade-related travel. The hotel is managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels .

The hotel features 68 well-appointed rooms and suites, a restaurant, bar, banquet hall, meeting rooms, a spa, a swimming pool, and a fitness centre. This room count is an increase from the 60 rooms and suites disclosed to the stock exchanges on March 16, 2023. The property is designed to cater to business, trade, and government travellers, as well as leisure visitors.

Property Features and Amenities

The hotel offers a range of facilities aimed at providing a comfortable stay:

Feature	Description
Rooms	68 well-appointed rooms and suites
Dining	Citrus Café (all-day multi-cuisine restaurant), Slounge (terrace bar), in-room dining
Events	Banquet and meeting spaces across indoor venues and lawns
Wellness	Spa, swimming pool, and fitness centre

Located in the northernmost part of Rajasthan, the hotel is approximately 8 km from Sri Ganganagar Junction railway station and around 122 km from Bathinda Airport. It serves as a base for travellers visiting landmarks such as Balaji Dham, Gauri Shankar Temple, Budha Johad Gurudwara, and the Hindu Malkot border.

Expansion in Rajasthan

Mr. Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., stated that the launch introduces the brand's signature hospitality to a high-potential market. He noted that the company has 10 additional hotels in the pipeline across Rajasthan, reflecting a commitment to expanding in Tier-II and Tier-III markets.