Zerodha founders Nithin Kamath and Nikhil Kamath have acquired a 6.72% stake in Viceroy Hotels during the September quarter. According to the company’s latest shareholding disclosures, the brothers made the investment through two entities — Kamath Associates and Nksquared. The investment comes as Viceroy Hotels continues its recovery following a change in management in 2023.
Viceroy Hotels had earlier entered the Corporate Insolvency Resolution Process after running up heavy debt under its previous promoter. Creditors were owed more than Rs 1,150 crore, and the company at one point faced the possibility of liquidation. Trading in its shares was also suspended.
The company’s fortunes began to change in October 2023, when the National…