Investor Rakesh Jhunjhunwala has sold majority of shares held in leisure hospitality and vacation ownership company Sterling Holiday Resorts (India), for a cumulative trade price of Rs 67.21 crore. The investor sold 24,35,500 equity shares in the company for a trade price of Rs 276 per share, through bulk deals in Bombay Stock Exchange. Jhunjhunwala had 31,30,000 equity shares, which is 3.48 per cent of the total shares in the company.
Moreover, ICICI Prudential Mutual Fund has bought 24,20,000 shares at the same time, through bulk deal, which has a cumulative trade price of Rs 66.79 crore.
Sterling Holiday Resorts is in the business of developing and running holiday resorts, hotel, restaurants etc. It has holiday resorts at various cities including Kodaikanal, Goa, Manali, Munnar, Puri, Darjeeling, Lonavala, Gangtok etc.
Sterling Holiday Resorts (India) is currently trading at Rs. 241.00, down by 29.20 points or 10.81% from its previous closing of Rs. 270.20 on the BSE.
Moreover, ICICI Prudential Mutual Fund has bought 24,20,000 shares at the same time, through bulk deal, which has a cumulative trade price of Rs 66.79 crore.
Sterling Holiday Resorts is in the business of developing and running holiday resorts, hotel, restaurants etc. It has holiday resorts at various cities including Kodaikanal, Goa, Manali, Munnar, Puri, Darjeeling, Lonavala, Gangtok etc.
Sterling Holiday Resorts (India) is currently trading at Rs. 241.00, down by 29.20 points or 10.81% from its previous closing of Rs. 270.20 on the BSE.
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