Lemon Tree Hotels in focus on debut

Shares of Lemon Tree Hotels will list on the stock exchanges today, 9 April 2018. The initial public offer (IPO) of Lemon Tree Hotels received bids for 15.49 crore shares, as per the National Stock Exchange of India (NSE) data. The issue was subscribed 1.19 times. The issue opened for subscription on 26 March 2018 and closed on 28 March 2018. The price band for the issue was fixed at Rs 54 to Rs 56 per share. Lemon Tree Hotels (LTH) is India's largest chain in the mid-priced hotels sector and third largest overall.

NMDC has fixed prices of lump ore at Rs 3000 per ton and fines at Rs 2660 per ton with effect from 4 April 2018. The announcement was made after market hours on Friday, 6 April 2018.

Inox Wind said that the company has won 100 MW in the SECI-4 auction maintaining its successful track record in central government auctions. The bid was won at a fixed price of Rs 2.51/unit for 25 years. The announcement was made after market hours on Friday, 6 April 2018.

Visaka Industries said that on 5 April 2018, the company has inaugurated its first manufacturing unit of 'ATUM' (a new age eco-friendly, energy efficient & energy generating roof) an integrated solar roofing system (a hybrid product) in Miryalguda, Telangana, with a production capacity of 30 MW per annum. Trial production has commenced and commercial production is expected to commence from May 2018. The announcement was made after market hours on Friday, 6 April 2018.

Nitesh Estates said that the company has settled the dispute in respect of the lease rights of land situated at Chennai . Under the Settlement as decreed through the arbitral award, the company will receive Rs 15 crore, as per the terms of the award. The announcement was made after market hours on Friday, 6 April 2018.

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