Sterling Holiday Resorts

Leisure hospitality firm Sterling Holiday Resorts, an arm of Thomas Cook India, has signed an agreement to acquire Nature Trails Resorts for an undisclosed amount to strengthen its presence in nature and adventure tourism segment.

Thomas Cook India on Tuesday said that the Bombay High Court has approved its merger with Sterling Holiday Resorts (India).

Sterling Holiday, which was taken over by travel and forex leader Thomas Cook in February last, has 1,725 rooms across 19 properties in 16 locations. It has 73,000 members who pay an average of Rs 2.35 lakh as membership fee, he said.

Thomas Cook India has gained majority shareholding in Sterling Holiday Resorts with further acquisition of over one crore shares for Rs 116.26 crore through off-market.

The 'no-objection' from two stock exchanges would allow the two companies to file their scheme of amalgamation with the High Court for further clearance of the deal.

The Competition Commission of India (CCI) has imposed a penalty of Rs 1 crore on three entities, including Thomas Cook and Sterling Holiday Resorts, for carrying out certain market purchases related to their deal before seeking approval from the fair trade watchdog.

Sterling Holiday Resorts' promoter Thomas Cook Insurance Services India on Tuesday picked up 61.44 lakh shares of the hospitality firm for an estimated Rs 60.21 crore through the open market route.

Tour operator Thomas Cook (India) Ltd said on Saturday it will merge its operations with resort owner Sterling Holiday Resorts India Ltd in a deal valued at Rs 870 crore ($140 million).

Sterling Holiday Resorts India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 17, 2011, inter alia, to consider the following; 1. Allotment of Equity Shares on Preferential basis. 2. Allotment of Warrants on Preferential basis.

Sterling Holiday Resorts India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 22, 2011 to September 28, 2011 (Revise) (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 28, 2011.

Sterling Holiday Resorts India Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on August 13, 2011.

Sterling Holiday Resorts India Ltd the Register of Members & Share Transfer Books of the Company will remain closed from August 30, 2011 to September 05, 2011 (both days inclusive) for the purpose of 24th Annual General Meeting (AGM) of the Company to be held on September 05, 2011.

Sterling Holiday Resorts India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 20, 2011, have approved the Notice convening the Extra-Ordinary General Meeting on August 13, 2011 to obtain the approval of members for the following: 1. Increase of Authorised share Capital. 2. Appointment of Mr. Ramesh Raman...

With reference to the earlier announcement dated July 14, 2011, regarding Board Meeting on July 15, 2011, Sterling Holiday Resorts India Ltd has now informed BSE that the Board Meeting will be held on July 20, 2011 (instead of July 15, 2011) to consider various options of raising funds including issue of Shares and issue of Warrants on Preferential...

Sterling Holiday Resorts India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 14, 2011, have decided to defer the consideration of Financial Results for the year ended March 31, 2011 to the Board meeting to be held on July 28, 2011.

Leisure hospitality firm Sterling Holiday Resorts, an arm of Thomas Cook India, has signed an agreement to acquire Nature Trails Resorts for an undisclosed amount to strengthen its presence in nature and adventure tourism segment.

Thomas Cook India on Tuesday said that the Bombay High Court has approved its merger with Sterling Holiday Resorts (India).

Sterling Holiday, which was taken over by travel and forex leader Thomas Cook in February last, has 1,725 rooms across 19 properties in 16 locations. It has 73,000 members who pay an average of Rs 2.35 lakh as membership fee, he said.

Thomas Cook India has gained majority shareholding in Sterling Holiday Resorts with further acquisition of over one crore shares for Rs 116.26 crore through off-market.

The 'no-objection' from two stock exchanges would allow the two companies to file their scheme of amalgamation with the High Court for further clearance of the deal.

The Competition Commission of India (CCI) has imposed a penalty of Rs 1 crore on three entities, including Thomas Cook and Sterling Holiday Resorts, for carrying out certain market purchases related to their deal before seeking approval from the fair trade watchdog.

Sterling Holiday Resorts' promoter Thomas Cook Insurance Services India on Tuesday picked up 61.44 lakh shares of the hospitality firm for an estimated Rs 60.21 crore through the open market route.

Tour operator Thomas Cook (India) Ltd said on Saturday it will merge its operations with resort owner Sterling Holiday Resorts India Ltd in a deal valued at Rs 870 crore ($140 million).

Sterling Holiday Resorts India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 17, 2011, inter alia, to consider the following; 1. Allotment of Equity Shares on Preferential basis. 2. Allotment of Warrants on Preferential basis.

Sterling Holiday Resorts India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 22, 2011 to September 28, 2011 (Revise) (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 28, 2011.

Sterling Holiday Resorts India Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on August 13, 2011.

Sterling Holiday Resorts India Ltd the Register of Members & Share Transfer Books of the Company will remain closed from August 30, 2011 to September 05, 2011 (both days inclusive) for the purpose of 24th Annual General Meeting (AGM) of the Company to be held on September 05, 2011.

Sterling Holiday Resorts India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 20, 2011, have approved the Notice convening the Extra-Ordinary General Meeting on August 13, 2011 to obtain the approval of members for the following: 1. Increase of Authorised share Capital. 2. Appointment of Mr. Ramesh Raman...

With reference to the earlier announcement dated July 14, 2011, regarding Board Meeting on July 15, 2011, Sterling Holiday Resorts India Ltd has now informed BSE that the Board Meeting will be held on July 20, 2011 (instead of July 15, 2011) to consider various options of raising funds including issue of Shares and issue of Warrants on Preferential...

Sterling Holiday Resorts India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 14, 2011, have decided to defer the consideration of Financial Results for the year ended March 31, 2011 to the Board meeting to be held on July 28, 2011.