StockWatch
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Hotels & Resorts
Loan & Debt3 Oct 2026, 11:30 am

Viceroy Hotels Lends ₹38.45 Cr to Subsidiary SLN Terminus

AI Summary

Viceroy Hotels Limited (VHL) has entered into a Loan Agreement with its wholly-owned subsidiary, SLN Terminus Hotels and Resorts Private Limited (SLN). The agreement, executed on October 3, 2026, involves an unsecured loan of ₹38.45 Crores at an interest rate of 8.75% per annum. This funding is intended for the repayment of borrowings by SLN, as per a Letter of Offer dated August 14, 2026, which received approval from BSE Limited and the National Stock Exchange of India Limited on September 15, 2026. SLN Terminus Hotels & Resorts Private Limited is a stepdown subsidiary of the promoter group, Loko Hospitality Private Limited. The transaction is considered a related party transaction but is conducted on an arm's length basis.

Key Highlights

  • Viceroy Hotels provides ₹38.45 Cr unsecured loan to subsidiary SLN.
  • Loan aims to repay subsidiary's existing borrowings.
  • Interest rate set at 8.75% per annum.
  • Transaction is a related party deal at arm's length.
  • Funding aligns with exchange-approved Letter of Offer.