On 14 March 2014
Thomas Cook Insurance Services (India) ('Acquirer') has announced that it has been allotted 20,650,000 equity shares of Sterling Holiday Resorts (India) ('Company') on 14 March 2014 at a price of Rs 90.49 per equity share, aggregating to Rs 186.86 crore.The Acquirer has acquired certain rights in relation to the Company in accordance with the Subscription Agreement dated February 07, 2014 entered between the Acquirer and the Company. Rights in relation to the aforesaid will be exercised in accordance with and subject to the provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.
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