Garden Silk Mills Ltd to consider conversion of OCCPS

A meeting of the Board of Directors of Garden Silk Mills Ltd will be held on March 18, 2015, inter alia, to consider and approve the proposal of conversion of 1487147 0.001% Optionally Convertible Cumulative Preference Shares (OCCPS) into equity shares consequent to the right of conversion exercised by the OCCPS holder in terms of SEBI (ICDR) Regulations 2009.

Shares of GARDEN SILK MILLS LTD. was last trading in BSE at Rs.27.85 as compared to the previous close of Rs. 28.85. The total number of shares traded during the day was 2418 in over 73 trades.

The stock hit an intraday high of Rs. 30.9 and intraday low of 27.85. The net turnover during the day was Rs. 67928.

Source : Equity Bulls

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