Garden Silk Mills buzzing on bourses owning to fund raising plans
DSIJ Intelligence / 19 Oct 2016
Garden Silk Mills is gaining on bourses owing to reports of the management board considering to raise funds in the company’s board meeting to be held on October 25.
Garden Silk Mills is gaining on bourses owing to reports of the management board considering to raise funds in the company’s board meeting to be held on October 25. The company in its board meet will be considering to raise funds aggregating to Rs 30 crore by issue of convertible share warrants/convertible securities in favor of promoter group of company.
Garden Silk Mills Ltd., is a textile manufacturing company based in Surat. The company owns the Garden Vareli brand.
The stock is trading up by Rs 6 or 18.66 per cent on Wednesday intra-day basis. Over one-year period the stock is up by almost 36 per cent and over one-month period the stock is up by 21 per cent. Sensex is trading down by 50 points or 0.18 per cent at 28000 levels at 11 am.
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