Kamath brothers acquire 6.72% stake in Viceroy Hotels
AI Summary
The Kamath brothers' investment in Viceroy Hotels signals confidence in the company's turnaround post-insolvency, which could attract further investor interest in the hospitality sector. As Viceroy seeks to stabilize and expand its operations, retail investors should monitor the company's performance closely, particularly in light of its recent rights issue and strategic acquisitions. This move may also reflect a broader trend of seasoned investors backing distressed assets with potential for recovery, suggesting that opportunities may exist for discerning investors in the Indian market.
Nithin Kamath and Nikhil Kamath, founders of Zerodha, have acquired 6.72 per cent stake in Viceroy Hotels during the September quarter.
According to the latest shareholding disclosures, the Kamath brothers have invested through two separate investment vehicles, Kamath Associates and Nksquared. The investment comes at a time when Viceroy Hotels is seeking to build on the operational recovery achieved since its change in the management in 2023.
Original Article
Published on Hindu BusinessLine
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This is a market news update from Hindu BusinessLine, published on 05 October 2026.
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