M&A

M&A

DS Group completes acquisition of Viceroy Hotels

Mint  

The Dharampal Satyapal (DS) Group has completed the acquisition of Viceroy Bangalore Hotels Pvt Ltd as part of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code. Viceroy Hotels owns the Marriott-managed Renaissance Bengaluru Race Course Hotel and has over INR 1,000 crore in debt. The DS Group currently has hotel brands such as Radisson Blu in Guwahati, Crown Plaza in Jaipur, Namah at Jim Corbett National Park, Holiday Inn Express at the Kolkata airport and The Manu Maharani in Nainital.