Lemon Tree Hotels - Market leader in mid-priced hotel sector

Promoter holding is just 23.9 %, of which more than half is pledged. And 2/3rd of the revenues coming from a couple of dozen subsidiaries & associates which the auditors claim “…we did not audit…”, how does one address governance concerns? Doesn’t look like a stock meant for retail investors. Or am I missing something?

(Disc.: No positions)

1 Like