Viceroy Hotels rises as Kamath brothers take 6.72% stake
In short
Viceroy Hotels shares rose on Tuesday after Nithin and Nikhil Kamath bought a 6.72% stake in the company during the September quarter.
The company came out of insolvency in 2024 and is growing its hotel business in Hyderabad. The reporting does not say what the stake cost or whether its planned acquisition is finished.
What the reporting says
Viceroy Hotels shares rose on Tuesday after Zerodha founders Nithin and Nikhil Kamath acquired a 6.72% stake in the company during the September quarter. The hotel operator had emerged from insolvency in 2024 and is expanding in Hyderabad, with plans to acquire SLN Terminus Hotels and Resorts. The reporting does not say the purchase price or whether the acquisition is complete.
Why it matters
Viceroy Hotels shares moved higher on Tuesday after Zerodha founders Nithin and Nikhil Kamath acquired a 6.72% stake in the company in the September quarter. The company, which emerged from insolvency in 2024, is also expanding its portfolio in Hyderabad and plans to acquire SLN Terminus Hotels and Resorts. The reporting does not give a deal value or confirm the acquisition timing.