Zerodha founders Nithin, Nikhil Kamath pick up 6.72% stake in Viceroy Hotels
NCLT is in focus in a corporate actions development.
· ET Stocks, Economic Times Markets
Zerodha founders Nithin and Nikhil Kamath have acquired a 6.72% stake in Viceroy Hotels through Kamath Associates and Nksquared. 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 analysis
NCLT reported Rs 105, with movement of 6.72% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- Buybacks, dividends and splits change what a shareholder actually receives, and often signal how management reads its own value.
- With NCLT involved, this carries a regulatory dimension that can outlast the immediate market reaction.
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