The company made this announcement during trading hours today, 15 April 2010.

Meanwhile, the BSE Sensex was down 174.62 points, or 0.98% to 17,647.34.

On BSE, 5.81 lakh shares were traded in the counter as against an average daily volume of 64,427 shares in the past one quarter.

The stock hit a high of Rs 48.35 and a low of Rs 43.75 so far during the day. The stock had hit a 52-week high of Rs 56.95 on 6 January 2010 and a 52-week low of Rs 19.60 on 20 April 2009.

The small-cap stock had outperformed the market over the past one month till 13 April 2010, gaining 6.97% as compared to the Sensex's 3.82% rise. It had underperformed the market in the past one quarter, falling 7.99% as compared to the Sensex's return of 1.78%.

The company's equity capital is Rs 42.41 crore. Face value per share is Rs 10.

In a statement to BSE, Viveroy Hotels said that JP Morgan India Property Mauritius would be taking 49% stake for Rs 74 crore in its Bangalore based hotel subsidiary.

Viceroy Hotels' net profit surged 118.3% to Rs 1.55 crore on 7.7% fall in net sales 16.36 crore Q3 December 2009 over Q3 December 2008.