STERLINE Holidays

Scheme of Arrangement and Amalgamation of Sterling Holiday Resorts (India) Ltd.   Content

SUB. :- Scheme of Arrangement and Amalgamation  of Sterling Holiday Resorts (India) Ltd. (Scrip Code 523363) Trading members of the Exchange are hereby informed that, Pursuant to the Composite Scheme  of Arrangement and Amalgamation between Sterling Holiday Resorts (India) Ltd. (SHRIL) and  Thomas Cook Insurance Services (India) Ltd (TCISIL), and Thomas Cook (India) Ltd. (TCIL), approved  by the Hon’ble High Court of Bombay and the High Court of Judicature at Madras, TCIL has  fixed a Record Date for the purpose of demerger and consequent amalgamation of SHRIL with TCIL.  Trading Members are requested not to deal in the equity shares of the company with effect from the  below mentioned date. COMPANY NAME  CODE RECORD DATE PURPOSE NO DEALINGS DATE & SETT. NO. Sterling Holiday Resorts (India) Ltd. (523363; 623363) 01/09/2015 Composite Scheme of Arrangement and Amalgamation:- DEMERGER: As per the Scheme, the time share and resort business division of SHRIL is to be demerged into TCISIL. In consideration thereof, the shareholders of SHRIL shall be issued equity shares of TCIL in the ratio of 116 equity shares of Re. 1/- of TCIL against 100 equity shares of Rs. 10/- each of SHRIL. AMALGAMATION: The residual business of SHRIL is to be amalgamated with TCIL and, in consideration thereof, the shareholders of SHRIL shall be issued shares of TCIL in the ratio of 4 equity shares of Re. 1/- each against 100 equity shares of Rs. 10/- each of SHRIL. 31/08/2015 DR-107/2015- 2016 Trading Members are requested to take note of it.

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