Lemon Tree Hotels soars on market debut

(Reuters) - Shares in India's Lemon Tree Hotels Ltd closed 28 percent higher on their trading debut on Monday after the company's initial public offering raised nearly $160 million.Lemon Tree shares closed at 71.65 rupees on the National Stock Exchange, after hitting a high of 73.

90 rupees. The shares were sold at 56 rupees in the IPO.Lemon Tree's strong listing is a rare success in India's volatile stock markets this year where most of the recent trading debuts have been lacklustre.Five of the eight companies that held initial share sales in.....

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