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Published on 11/12/2007 in the Prospect News Convertibles Daily.

Sterling Holiday Resorts India to consider issuing up to $25 million in convertibles

By Devika Patel

Knoxville, Tenn., Nov. 12 - Sterling Holiday Resorts India Ltd. informed the Bombay Stock Exchange that it plans an extra ordinary general meeting on Nov. 29 to consider issuing up to $25 million in convertibles.

Securities being considered are Global Depositary Receipts, American Depositary Receipts, warrants, equity shares and convertibles.

Based in Chennai, India, Sterling Holiday Resorts operates hotel services, holiday resorts, timeshare services and restaurants.


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