Business EconomyPosted at: Apr 2 2024 6:32PM

Shares of Viceroy Hotels to resume trading on Wednesday

Mumbai, Apr 2 (UNI) Shares of Viceroy Hotels Limited will resume trading on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on Wednesday after a five and half month gap.
The company has recently emerged out of its Corporate Insolvency Resolution Process (CIRP) in which Anirudh Agro Farms Limited (AAFL) emerged as the successful resolution applicant. The CIRP concluded with NCLAT Chennai Bench passing an order on October 6, 2023 approving the Resolution Plan submitted by AAFL.
Viceroy Hotels Limited in a filing dated January 6 disclosed to the exchanges that all payments proposed to be made under the resolution plan have been duly made by Loko Hospitality Private Limited a subsidiary of Anirudh Agro Farms Limited.
The company's shares had last traded on the bourses on October 19 last year.
Viceroy Hotels Limited owns two hotels - Marriott & Courtyard by Marriott on a 4.5-acre freehold land parcel on Tank Bund in the heart of Hyderabad City near the new secretariat.
The hotel industry is currently witnessing a boom for the past two years on the back of post-Covid business travel and tourism revival. The average room rents and occupancies are at record levels and the industry expects the phenomenon to continue in the foreseeable future with demand outpacing supply addition, thereby ushering a new paradigm shift in hospitality revenues.
“The company is looking to expand its assets across the country with strategic acquisitions of distressed hotel assets. We are excited about the hotel landscape, given the strong demand and increase in domestic travel we expect the industry and our ARRs to grow significantly," said K. Ravinder Reddy MD.
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Tags: #Shares of Viceroy Hotels to resume trading on Wednesday

India services PMI dips to 60 8 in April

06 May 2024 | 12:42 PM

New Delhi, May 6 (UNI) India's services sector activities remained in expansion mode but the pace of growth slowed down in the month of April this year with services PMI (purchasing managers’ index) dropping to 60.8 during the month compared to 61.2 in March, as per a private survey released on Monday.

Shares of Viceroy Hotels to resume trading on Wednesday

India services PMI dips to 60 8 in April

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AHMEDABAD, MAY 6 (UNI)- Polling officials checking the Electronic Voting Machine (EVMs) and other election related material required for the 3rd Phase General Elections-2024 at the CN Vidhyalay Ambawadi, in Ahmedabad on Monday. UNI PHOTO-38U

RANCHI, MAY 6 (UNI):- Congress candidate Yashaswini Sahay with her father former Union Minister Subodh Kant Sahay, and others during an election campaign rally for Lok Sabha polls, in Ranchi on Monday. UNI PHOTO-34U

AHMEDABAD, MAY 6 (UNI)- Polling officials checking the Electronic Voting Machine (EVMs) and other election related material required for the 3rd Phase General Elections-2024 at the CN Vidhyalay Ambawadi, in Ahmedabad on Monday. UNI PHOTO-33U

RANCHI, MAY 6 (UNI):- Congress candidate Yashaswini Sahay and others during an election campaign rally for Lok Sabha polls, in Ranchi on Monday. UNI PHOTO-31U

RANCHI, MAY 6 (UNI):- Congress candidate Yashaswini Sahay with her father former Union Minister Subodh Kant Sahay, and others during an election campaign rally for Lok Sabha polls, in Ranchi on Monday. UNI PHOTO-30U

GUWAHATI, MAY 6 (UNI) :- Polling officials with Electronic Voting Machines leaving for their designated polling centres on the eve of the Third phase of Parliamentary Election-2024, in Guwahati on Monday.UNI PHOTO-29U

RANCHI, MAY 6 (UNI):- Congress candidate Yashaswini Sahay with her father former Union Minister Subodh Kant Sahay, Jharkhand Miniser Alamgir Alam and others during an election campaign rally for Lok Sabha polls, in Ranchi on Monday. UNI PHOTO-37U

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NEW DELHI, MAY 6 (UNI):- I.N.D.I.A. alliance candidate for North East Delhi seat Kanhaiya Kumar (Congress) with AAP leader Gopal Rai and others arrives to file his nomination papers, in New Delhi on Monday. UNI PHOTO-BB1U

TORONTO, May 6, 2024 (UNI/Xinhua) -- A model presents a creation at the 2024 Fashion Art Toronto's Fashion Week in Toronto, Canada, on May 5, 2024. The annual fashion show was held here from May 2 to 5 this year. UNI PHOTO-11F

TORONTO, May 6, 2024 (UNI/Xinhua) -- A model presents a creation at the 2024 Fashion Art Toronto's Fashion Week in Toronto, Canada, on May 5, 2024. The annual fashion show was held here from May 2 to 5 this year.UNI PHOTO-10F

SRINAGAR, MAY 6 (UNI):- Apni Party President Altaf Bukhari along with party candidate for Parliamentary election -2024 Ashraf Mir during a roadshow at downtown in Srinagar on Monday.UNI PHOTO-20U

SRINAGAR, MAY 6 (UNI):- Apni Party President Altaf Bukhari along with party candidate for Parliamentary election -2024 Ashraf Mir during a roadshow at downtown in Srinagar on Monday.UNI PHOTO-18U

BERHAMPUR, MAY 6 (UNI):- Prime Minister Narendra Modi at a public meeting ahead of Lok Sabha polls in Berhampur, Odisha on Monday. UNI PHOTO-17U

BERHAMPUR, MAY 6 (UNI):- Prime Minister Narendra Modi at a public meeting ahead of Lok Sabha polls in Berhampur, Odisha on Monday. UNI PHOTO-16U

GUWAHATI, MAY 6 (UNI) :- Polling officials with Electronic Voting Machines leaving for their designated polling centres on the eve of the Third phase of Parliamentary Election-2024, in Guwahati on Monday.UNI PHOTO-28U

GUWAHATI, MAY 6 (UNI) :- Polling officials with Electronic Voting Machines leaving for their designated polling centres on the eve of the Third phase of Parliamentary Election-2024, in Guwahati on Monday.UNI PHOTO-27U

GUWAHATI, MAY 6 (UNI) :- Polling officials with Electronic Voting Machines leaving for their designated polling centres on the eve of the Third phase of Parliamentary Election-2024, in Guwahati on Monday.UNI PHOTO-26U