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Thursday, January 12, 2006

Sterling Holiday Resorts - Private Placement

Sterling Holiday Resorts, who has pioneered the concept of Time Sharing Holiday in India, has allotted about 9.04 lakh shares of Rs 10 each for cash at a premium of Rs 33 per share to Infopile India against a conversion of 9.04 lakh warrants of Rs 43 per warrant.

It has also allotted 10 lakh shares of Rs 10 each for cash at a premium of Rs 33 per share to Principal Capital Markets against a conversion of 10 lakh warrants of Rs 43 per warrant.



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