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स्टर्लिंग हॉलीडे रिसॉर्ट्स (इंडिया) > कंपनी इतिहास > Hotels > कंपनी इतिहास का स्टर्लिंग हॉलीडे रिसॉर्ट्स (इंडिया) - बीएसई: 523363, NSE: STERLINHOL

स्टर्लिंग हॉलीडे रिसॉर्ट्स (इंडिया)

बीएसई: 523363  |  NSE: STERLINHOL  |  ISIN: INE657A01019  |  Hotels

कंपनी इतिहास - स्टर्लिंग हॉलीडे रिसॉर्ट्स (इंडिया)
YEAR                       EVENTS
 1986 - The company was incorporated as a Private Limited Company on
 22nd
        May and converted into a Public Limited Company on 11th Dec.
        1989.  The Company has been promoted by Mr. R Subramanian
        alongwith N. N. Pai and Shri P. N. Mohan.  The main object of
 the
        Company is Developing holiday resorts in hill stations and
 other
        tourist centres.
 
      - The Company has been since 4 years introducing innovative
 concept
        of time shares service to all its customers including
 ticketing,
        travel, transport, conducted tours, sports, etc.
 
 1988 - Sterling inaugurated the country's first Time Share holiday
        resort in Kodaikanal on April 15th.
 
      - The resort has a hobby centre, club house, library, amusement
        park and an aviary for recreation.  It has also a play house
        specially designed for children.
 
      - The Company offers holidays to its customers through its
 holiday
        exchange programme at lake resort in Kashmir, Beach resort at
 Goa
        and Hill resort at Lonavala.
 
      - The Company offers holiday to its customers through its
 holiday
        exchange programme at lake resort in Kashmir, Beach resort at
 Goa
        and Hill resort at Lonavala.
 
      - The Company is setting up another resort at Kodaikanal
 consisting
        of 100 apartments.
 
 1993 - The Company was allotted 220 acres of land by the UP Govt.
 for
        developing an 18 hole championship designer golf course at
        Greater Noida, design as per Greg Norman Corrsl.
 
      - 5,50,200 shares allotted to promoters, directors, there
 friends
        etc. 34,49,800 No. of equity shares were then issued at par
 of
        which 5,29,700 shares were reserved for allotment on a firm
 basis
        to promoters, directors, their friends etc.  Another 4,00,000
        shares reserved for allotment on firm basis to Canbank Mutual
        Ltd.
 
      - Of the remaining, 1,72,450 shares reserved for allotment on
        preferential basis to employees (all were taken up) Balance
        18,27,550 shares were issued to the public.  Additional
 5,17,470
        shares were allotted to retain oversubscription.  (25,850
 shares
        to employees, 1,57,470 shares to promoters, 60,000 shares to
        Canbank Mutual Ltd. and 2,74,150 shares to public.
 
      - 22,58,735 Right Equity shares (prem. Rs 20 Pref. 1:2) issued
 in
        1993 (15,350 were kept in abeyance.  Another 1,12,937 shares
        offered to employees at a prem. of Rs 20 per share (only
 3,900
        shares taken) Unsubscribed portion was allotted to lapse).
 
 1994 - The Company proposed to develop ski lodges and mountain
 resorts
        in Himalayas and Heritage Hotels and beach, resorts all over
 the
        country.  It also proposed to develop twenty `3' star hotels
        primarily for the international tourists in Agra, Sarnath,
        Budhgaya, White field near Bangalore, Chidambaram, Madurai
 etc.
 
      - It was also proposed to run a luxury train through the temple
        town of Tamil Nadu jointly with Tamil Nadu Tourism
 Development
        Corporation Ltd.  For this purpose a Company in the name of
        Sterling Tamil Nadu Tourism Ltd., was promoted and it was
        proposed to participate in the equity capital of the said
        Company.
 
      - The Company obtained necessary approval to set up a joint
 venture
        Company in Dubai, for setting up a hotel and beach resort at
        Dubai.
 
      - An MOU was entered into with MPAVN Ltd. for setting up a food
        processing, tourism, infrastructure related projects in M.P.
 
      - It was also proposed to enter into a joint venture for setting
 up
        `3' star hotel at Coimbatore.  In addition, the Company is to
        enter into a joint venture with VS Dempo & Co., for setting up
 a
        `5' star hotel at Goa.
 
      - During December, the Company issued 33,82,378 No. of equity
        shares of Rs 10 each at a premium of Rs 50 per share on right
        basis in proportion 1:2.  Till date, 33,54,563 share were
 taken
        up.
 
      - The Company issued 71,000 zero interest unsecured
 non-convertible
        debentures of Rs 100 each with one detachable warrant along
 with
        each NCD to the promoters of Company and associate companies
 on
        29th April.  Each warrant is to be converted into 10 No. of
        equity shares of Rs 10 each at a premium of Rs 50 per share
 with
        18 months from the date of allotment.
 
      - The promoters exercised their option for conversion and were
        allotted 43,47,000 shares.  Option for conversion of warrants
 for
        the balance 27,53,000 shares were exercised during 31st March
        1995.
 
      - Necessary permissions were obtained to set up a subsidiary at
        Baharin in the name of Sterling Middle East WLL, with a
 capital
        of 200 No. of equity shares of 50 Baharin Dinars each.
 
 1995 - The Company launched a new scheme called Heritage India.  Two
 new
        divisions viz., Sterling International and Sterling Home
 Products
        were commenced.
 
      - Under the Heritage India Scheme, the customer is entitled to
 stay
        for 3 days/3 nights every year for 33 years at any of the 50
        pilgrimage, cultural and historical destinations offered.
 
      - The Company undertook construction of second phase of the
 resorts
        at Mussoorie, Darjeeling, Goa, Puri, Kodaikanal etc.
 
      - With a view to tapping the upmarket segment in time share
        industry and providing luxury facilities of international
        standard the Company introduced `Sterling Crown'.  These
 resorts
        were launched at Greater Noida near Delhi and Goa.  The
 Sterling
        Crown was launched in March 1996 and was well received in the
        market.
 
      - The Company was setting up an integrated sports complex
 project
        in a 442 acre site at Greater Noida near New Delhi.
 
      - The Company was awarded two contracts by the Ministry of
        Railways.  Accordingly agreements were entered into with L&R
        Leisure Group, UK to design, build, operate and market the
 train.
 
      - Agreements were also entered to with Jamer Park Associates &
 Emc
        of UK for technical expertise in the construction and
 furnishing
        of trains.
 
      - The Royal Indian (Northern) and The Royal Indian (Southern)
        and were launched in the World Travel Mart held in London.
 
      - The Company proposed to set up the Sterling Healthcare Ltd.
 for
        development of dietary fibre supplenert Fibernat and for
        marketing Orthopaedic Support System.
 
      - Sterling Resorts and Hotels (India) Ltd. was to be merged
 with
        the Company for which approvals from High Court of Chennai
 was
        received.
 
      - 10,00,000 No. of equity shares allotted pursuant to scheme of
        amalgamation of sterling Resorts & hotels (India) Ltd., with
        Sterling Holiday Resorts (India) Ltd.  Till date 9,41,025
 shares
        were allotted 625 shares of the earlier year's rights shares
        allotted.
 
 1996 - In January, the Golf course membership was launched by Greg
        Norman.  EDAW Inc., California and Wimberley Allison Tong &
 Goo
        Inc., of UK were refinanced for provisions of world class
        integrated facilities for leisure, sports and business
        activities.
 
      - The Company received two contracts from Railways, Govt. of
 India
        to run luxury trains in the Delhi-Agra-Jaipur, circuit and
        Bangalore-Chennai-Cochi-Trivandrum circuit.
 
      - A MOU was signed with L&R leisure group of UK to design,
 build,
        furnish operate and market the trains.
 
      - 59,275 No. of equity shares of Rs 10 each allotted to the
        shareholders of Sterling Resorts & Hotels (I) Ltd. during the
        year, persuant to the Scheme of Amalgamation.
 
 2004
 
 -  Delists equity shares Delhi Stock Exchange (DSE) with effect from
 September 2, 2004
 
 2006
 
 -Sterling Holiday Resorts India has appointed Mr S Sidharth Shankar
 as an Additional Director (Non-Executive Director) of the Company.
 
 2009
 
 - Sterling Holiday Resorts India Ltd has appointed Mr. Amit Jatia, as
 Additional Director on the Board of the Company.
 
 2011
 
 -Sterling Holiday has inaugurated its 15th Resort - Woods n Spice in
 Thekkady, Kerala.
 
 2012
 -Sterling Holidays Announces the Opening of its 19th resort.
 
 2013
 -HelpAge India Joins Hands with Sterling Holidays for AdvantAge
 Card.
 -Company has been shifted from No.163, T.T.K.Road, Alwarpet, Chennai
 - 600 018. To #7, 3rd Cross Street, Citi Tower, Kasturba Nagar,
 Adyar, Chennai - 600 020, Phone: 044 - 3357 3300; Fax: 044 - 3357
 3423, E-mail - investorsmail@sterlingholidays.com
 
 2014
 -Thomas Cook (India) Limited & Sterling Holiday Resorts (India)
 Limited, announce merger between two companies.
 
 
 
 

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