The lenders of Garden Silk Mills Ltd had invited expression of interest ('EOI') from Bidders for sale of debt exposure of Company. In this regard, we have been further informed by the consortium members leader - Bank of Baroda ('BOB'), that the lenders had carried out an e-auction / bidding process through the designated agency namely BDO India LLP, as mandated by the consortium members and a Letter of Intent (LOI) has been issued on 31st December, 2019 by BOB on behalf of Lenders to the successful bidder - 'Invent ARC Private Limited'.
Shares of GARDEN SILK MILLS LTD. was last trading in BSE at Rs.10.5 as compared to the previous close of Rs. 10.55. The total number of shares traded during the day was 1419 in over 8 trades.
The stock hit an intraday high of Rs. 11 and intraday low of 10.1. The net turnover during the day was Rs. 15284.