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Sterling Holiday to issue 37.4 lakh shares to promoters

Our Bureau

Chennai , July 4

STERLING Holiday Resorts (India) Ltd plans to issue 37.4 lakh shares of Rs 10 each at Rs 43 to promoters and private investors on a private placement basis.

The company has informed the BSE that it plans to issue 68,40,000 warrants of Rs 10 each to be converted into shares at the end of 18 months at Rs 43 to promoters and private investors on a private placement basis.

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