Zerodha founders Kamath brothers bet on Viceroy Hotels with 6.72% stake after insolvency-led crisis: What changed?
New Delhi, Oct. 6 -- Zerodha founders Nithin Kamath and Nikhil Kamath have acquired a 6.72% stake in Viceroy Hotels during the September quarter, and the acquisition comes at a time when the stock has attempted a strong recovery after remaining under prolonged losses.
The brothers made the investment through two entities - Kamath Associates and Nksquared, The Economic Times reported, citing the company's latest shareholding disclosures. As per the latest shareholding data, promoters continued to hold the majority, 74%, of ownership in the company, while the remaining 25.6% was held by general shareholders.
The investment by the Zerodha founders also indicates confidence in Viceroy Hotels' growth prospects following a change in managemen...
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