Zerodha founders Nithin, Nikhil Kamath decide up 6.72% stake in Viceroy Hotels
Viceroy Hotels had earlier entered the Corporate Insolvency Resolution Process after operating up heavy debt beneath its earlier promoter. Creditors had been owed greater than Rs 1,150 crore, and the corporate at one level confronted the potential of liquidation. Trading in its shares was additionally suspended.
The firm’s fortunes started to alter in October 2023, when the National Company Law Appellate Tribunal permitted a decision plan submitted by Anirudh Agro Farms Limited. Fresh funds had been later introduced into the corporate by means of its subsidiary, Loko Hospitality.
After the decision plan was applied, shares of Viceroy Hotels resumed buying and selling on the NSE and BSE in April 2024.
The firm at the moment operates the Marriott and Courtyard by Marriott properties in Hyderabad. It has additionally launched a rights difficulty to boost about Rs 105 crore at Rs 115 per share. The difficulty can even assist enhance public shareholding to satisfy regulatory necessities after promoter possession rose sharply following the decision course of.
Viceroy Hotels is now trying to increase its trade. In December 2025, shareholders permitted the Rs 206-crore acquisition of SLN Terminus Hotels and Resorts.
The property operates Marriott-branded govt flats and can add one other asset to Viceroy Hotels’ portfolio as the corporate appears to be like for additional progress.
Disclosure: This article has been written by Podishetti Akash, who isn’t a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as outlined beneath Section 2(77) of the Companies Act, 2013) don’t maintain any monetary curiosity within the firms talked about on this article as of the date of publication. The views/suggestions talked about on this article, wherever relevant, are these of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They shouldn’t be construed because the views or suggestions of The Economic Times Digital or the journalist. Readers are suggested to think about the unique analysis report and make their funding choices primarily based on their very own evaluation. Brokerage disclosures here.
