Sterling Holiday Resorts India has informed that the board of directors of the company at its meeting held on October 17, 2012, has approved the allotment of 97,676 equity shares under Employees Stock Purchase Scheme - 2011 (ESPS -2011) and the amalgamation / Merger of company’s subsidiary Manchanda Resorts Private Limited with Sterling Holiday Resorts (India) Limited.
The above information is a part of company's filings submitted to BSE.