RJ Corp to take a 49% stake in subsidiary Arum Hotels

The joint venture will develop the Aurika Shillong project.

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What happened

Lemon Tree Hotels signed a joint venture agreement under which RJ Corp will take a 49% stake in its subsidiary Arum Hotels by subscribing to new shares.
The joint venture, between Carnation Hotels and RJ Corp, will develop the Aurika Shillong project through Arum Hotels.

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