Viceroy Hotels today said investor Rakesh Jhunjhunwala has increased stake in the company to 13.45% with the acquisition of an additional 3.45% for Rs 2.19 crore.
Jhunjhunwala, who earlier owned a little over 10% stake in the hospitality firm, has bought over 14.57 lakh shares in the company from open market on April 4, Viceroy Hotels said in a filing to the BSE.
Post the purchase, his stake in the company has gone up to 13.45%, it added.
Based in Hyderabad, the company owns premium hotel properties in Hyderabad, Chennai, Bangalore and Vizag, which are being managed under brands like Courtyard, Marriott and Renaissance.
Besides, the company also operates restaurants.
Viceroy Hotels' scrips closed at Rs 16.70 per share, up 4.70% from the previous close on the BSE.
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