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Our Bureau

Hyderabad, March 31

Viceroy Hotels Ltd has informed the stock exchanges that its board of directors, at its meeting held on Friday, approved the draft scheme of amalgamation of the company and other promoter group companies.

The shareholding of the promoter group companies would get fully paid up at 47,83,796 equity shares of the company once the scheme was approved by the Andhra Pradesh High Court and other statutory authorities, the company said.

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