Sterling Holiday on record high on Thomas Cook stake buying offer

Subscribe to GoodReturns

Sterling Holiday on record high on Thomas Cook stake buying offer
Shares of travel and tour firm Sterling Holiday rallied nearly 7 per cent, hitting 52 week high, in early trade on Bombay Stock Exchange (BSE) after after Thomas Cook (India) made an open offer for buying up to 26 per cent in the company for Rs 230 crore.

According to a regulatory filing, Thomas Cook (India) has made an open offer to acquire up to 23.49 million equity shares of Sterling Holiday Resorts (India) at a price of Rs 98 per share.

Cheering the news, shares of company gained as much as 6.56 per cent and touched 52-week high to trade at Rs 99.00 a piece on the BSE.

Meanwhile, the broader benchmark Sensex was quoting at 20,387.22, up 10.56 points or 0.05 per cent at 10:05 hours.

Dion Global Solutions Ltd. 

Story first published: Monday, February 10, 2014, 12:28 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?