Sterling Holiday Resorts (India) Limited is planning to raise Rs.120 Cr through preferential allotment of shares and convertible warrants, to fund expansion plans.
Rakesh Jhunjhunwala and Radhakrishna Damani are likely to buy one crore shares in the company.
Transaction Reference: Economic Times
A mumbai based engineering firm with a small small VC investment in 2006, now leaping towards 400Cr + sales.
Gaming and hospital firm, Delta Corp is planning to sell its 35.6% in Advani Hotels and Resorts India and has mandated Yes Bank for the same.