Trading in Sterling Holidays to be discontinued from August 31

MUMBAI: Leading stock exchange BSE today said trading in Sterling Holiday Resort would be discontinued from August 31 on account of the company's merger with integrated travel firm Thomas Cook India Ltd.

Besides, Sterling Holiday Resort would be dropped from five BSE S&P indices - S&P BSE AllCap, S&P BSE SmallCap, S&P BSE MidSmallCap, S&P BSE Consumer Discretionary Goods & Services and S&P BSE 500.

"Sterling Holiday Resorts India Ltd is getting acquired by Thomas Cook India Ltd with effect from August 31, 2015. The stock will be discontinued from trading on the ex-date," BSE said in a statement today.

Sterling Holiday would be replaced by Adani Enterprises on the S&P BSE 500 from August 31.

Meanwhile, BSE has also decided to suspend Lifeline Drugs & Pharma Ltd and Centron Industrial Alliance from trading with effect from August 28, 2015, as part of surveillance measures.

At the same time, these companies would also be dropped from the BSE S&P indices.