Tuesday, 11 February 2014

Thomas Cook Insurance Services buys 86.67 lakh shares of Sterling Holiday Resorts: Report

Thomas Cook Insurance Services has reportedly bought 86.67 lakh shares of Sterling Holiday Resorts (India) through open market route. The shares were purchased on an average price of Rs 97.82 valuing the transaction to Rs 36.50 crore. On the other hand, Bright Star Investments has sold 17 lakh shares in the company for an average price of Rs 98 through open market route.

Sterling Holiday Resorts is in the business of developing and running holiday resorts, hotel, restaurants etc. It has holiday resorts at various cities including Kodaikanal, Goa, Manali, Munnar, Puri, Darjeeling, Lonavala, Gangtok etc.

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