Anirudh Agro gets NCLAT Nod to Acquire Viceroy Hotels, To Infuse Over Rs 150 Crore

SquareFeatIndia — Thu, 12 Oct 2023 10:03:57 +0000

The resolution plan of Hyderabad-based Anirudh Agro Farms Limited (‘Anirudh Agro’) to acquire Viceroy Hotels Limited (‘Viceroy’) for a total consideration amount of over Rs.150 crores has been approved by National Company Law Appellate Tribunal (‘NCLAT’) on October 6, 2023. Anirudh Agro has infused the requisite funds into Viceroy Hotels, as required for the implementation of the Resolution Plan, as approved by the NCLAT order.

Through this acquisition, Anirudh Agro has forayed into the fast-growing hospitality space and is aiming to add more hotels over the next few years.

Viceroy has two hotels in Hyderabad, operated by Marriott Group under the brands – Courtyard and Marriott on a 4.5-acre freehold land with over 400 rooms.

Also Read: Agami Realty forays into Mumbai’s upscale Real Estate market, inks pact to redevelop MHADA Society in Bandra

The post Anirudh Agro gets NCLAT Nod to Acquire Viceroy Hotels, To Infuse Over Rs 150 Crore appeared first on Square Feat India.

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Anirudh Agro gets NCLAT Nod to Acquire Viceroy Hotels, To Infuse Over Rs 150 Crore