Viceroy Hotels shares rise 2% as Zerodha founders Nithin, Nikhil Kamath pick 6.72% stake

Shares of Viceroy Hotels rose 2.18% to Rs 128.80 on Tuesday after the company’s latest shareholding disclosures showed Zerodha founders Nithin Kamath and Nikhil Kamath acquiring a 6.72% stake in the hotel company during the September quarter.

The investment was made through two entities, Kamath Associates and Nksquared, according to the company’s shareholding disclosures.

Viceroy Hotels emerges from insolvency, expands hotel portfolio

Viceroy Hotels had earlier entered the Corporate Insolvency Resolution Process after accumulating heavy debt under its previous promoter. Creditors were owed more than Rs 1,150 crore, while the company faced the possibility of liquidation. Trading in its shares was suspended during the insolvency process.


The company’s turnaround began in October 2023, when the National Company Law Appellate Tribunal approved a resolution plan submitted by Anirudh Agro Farms. Fresh funds were subsequently brought into the company through its subsidiary, Loko Hospitality.

Following implementation of the resolution plan, Viceroy Hotels resumed trading on the NSE and BSE in April 2024.

The company currently operates Marriott and Courtyard by Marriott properties in Hyderabad. It has also launched a rights issue to raise around Rs 105 crore at Rs 115 per share. The issue is also aimed at increasing public shareholding to meet regulatory requirements after promoter ownership rose sharply following the resolution process.

Viceroy Hotels plans further expansion

The company is also looking to expand its hotel portfolio. In December 2025, shareholders approved the Rs 206-crore acquisition of SLN Terminus Hotels and Resorts.

The property operates Marriott-branded executive apartments and is expected to add another asset to Viceroy Hotels’ portfolio as the company pursues further growth.

Disclaimer: This article has been written by Sakshi Kumari, who is not a SEBI-registered Research Analyst or an Investment Adviser. Sakshi Kumari and her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here