Zerodha Founders Take 6.72% Stake in Recovering Viceroy Hotels

Nithin and Nikhil Kamath, who founded Zerodha, bought a small part of Viceroy Hotels.

The investment was made through two companies and totals 6.72% of Viceroy.

Viceroy had faced serious debt problems and entered an insolvency process.

A tribunal approved a plan to resolve the crisis in October 2023.

The company later brought in fresh funds and its shares began trading again in April 2024.

Viceroy now operates three Marriott-branded hotels in Hyderabad.

It plans to add another hotel there and has a long-term goal of reaching 10,000 rooms across India.

Its FY26 report said revenue and operating earnings increased, although net profit was lower than the previous year because that year included a deferred tax gain.