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Earlier report,
Nithin and Nikhil Kamath take 6.72% stake in Hyderabad's Viceroy Hotels as it raises Rs 105 crore
Our read
Viceroy is adding a Rs 206 crore acquisition (SLN Terminus) to its Hyderabad Marriott base, so rival hotel operators in the city should expect a larger, better-funded competitor in the local room and events market.
Watch
Rights issue subscription level and allotment results
The report,
The Kamaths bought into Viceroy Hotels during the September quarter, as the Hyderabad Marriott operator raises funds through a rights issue. It will also acquire SLN Terminus for Rs 206 crore.
- Stake acquired by Kamaths
- 6.72 percent
- Rights issue size
- around ₹105 crore
- SLN Terminus acquisition value
- ₹206 crore
What we verified
Checked against the other reports of this story.
- Combined Kamath stake acquired: 6.72% — Restaurant India and Hospitality Biz India agree.
What to watch next
- Next quarterly shareholding pattern showing any change in the Kamath holding from 6.72%
- Exchange filing confirming completion of the Rs 206 crore SLN Terminus acquisition
- Any change in the SLN deal timeline, or new debt raised to fund it
Updates
Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.
Zerodha's Kamath brothers took 6.72% of Viceroy Hotels in September quarter; Marriott expansion planned
- Courtyard by Marriott Madhapur rooms: 200
Reported figures
From the report. Source details below
| Rights issue price per share: | Rs 115 |
|---|---|
| Creditor dues during insolvency: | over Rs 1,150 crore |