Kamath brothers buy 6.72% stake in Viceroy Hotels
In short
Zerodha founders Nithin and Nikhil Kamath bought a 6.72% stake in Viceroy Hotels through Kamath Associates and Nksquared. The latest shareholding disclosures show the deal, and the company is also looking for money through a Rs 105-crore rights issue.
This matters because Viceroy Hotels is still rebuilding after insolvency resolution. It is not stated in the available reporting whether the Kamaths will buy more shares or how the rights issue will affect the company.
What the reporting says
Zerodha founders Nithin and Nikhil Kamath acquired a 6.72% stake in Viceroy Hotels through Kamath Associates and Nksquared, according to the latest shareholding disclosures. The investment comes as the hotel company recovers after insolvency resolution, expands its portfolio and seeks capital through a Rs 105-crore rights issue. The immediate market implication is a new promoter-like backer, while the timing and terms of any broader capital plan remain unclear.
Why it matters
Zerodha founders Nithin and Nikhil Kamath acquired a 6.72% stake in Viceroy Hotels through Kamath Associates and Nksquared, based on the latest shareholding disclosures. The hotel company is described as recovering after insolvency resolution, expanding its portfolio and raising capital through a Rs 105-crore rights issue. The reporting does not state whether the stake purchase changes control, the pricing of the investment, or how the rights issue will be subscribed.