Sterling is opening resorts at Alleppey in Kerala, Gir in Gujarat, Kalimpong in West Bengal, and Madurai and Tiruvannamalai in Tamil Nadu.
With the various acquisitions that they have done, the company is the single largest operator in the holiday space now, said Mahesh Iyer, COO, Thomas Cook.
CCI had imposed this penalty after Thomas Cook bought a 9.93 percent stake in Chennai-based Sterling Holidays from the open market just days before seeking the fair trade watchdog's approval for Rs 870-crore merger
The Ashok Chawla Interview!
Sector wise, among mergers and acquisitions, Raja Lahiri believes hospitality tops the chart as there were two big deals including Aman Resorts buying Silverlink Holdings and Thomas Cook buying Sterling Holidays in February.
Cairn | Oberoi Realty | Rane Holdings | ITC | Tata Metaliks | Sterling Holidays | NMDC | Pipavav Shipyard | Motherson Sumi Systems and Sesa Goa are stocks, which are in the news today.