** Shares of India's Lemon Tree Hotels LEMO.NS rise 2.12% to 153 rupees

** Indian hotel chain on Saturday announced investment of 9.6 bln rupees by private equity group Warburg Pincus in its subsidiary, Fleur Hotels, as well as strategic reorganization

** Fleur to lead all future hotel acquisitions and development, while Lemon Tree to transition to fully asset-light model - statement

** Stock rated "buy" by 19 analysts on avg; median PT is 180 rupees - LSEG data

** Stock down 4.38% YTD

(Reporting by Abhirami G in Bengaluru)

((abhirami.g@thomsonreuters.com))