Viceroy Hotels reduces debt of IARC through sale of property

Viceroy Hotels Ltd. | Hotel, Resort & Restaurants | Travel & Hospitality | BSE: 523796 | NSE: VHLTD

09 Oct 2017 Evaluate

Viceroy Hotels has reduced the debt of International Asset Reconstruction Company (IARC) through sale of property. IARC has sold the property belonging to Viceroy Hotels, located at 36-199, Himayath Nagar, Hyderabad to an extent of 1400 square yards to Secunderabad Hotels. The disposal of the property has reduced the debt of IARC to the tune of Rs 30.82 crore.

Viceroy Hotels is an India-based company, which operates hotels and convention center. The company operates in the business of hoteliers segment.

Peers

Company Name	CMP
The Indian Hotels Co	728.50
ITC Hotels	164.00
Mahindra Holi.&Resor	199.45
EIH	296.65
Chalet Hotels	895.40
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.