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An update from Ruby Mills Limited ( (IN:RUBYMILLS) ) is now available.
The Board of The Ruby Mills Limited has approved the incorporation of three wholly owned subsidiaries in Mumbai as special purpose vehicles to invest in a Solar Open Access project, signalling a strategic move into renewable energy-linked infrastructure. These entities are intended to provide greater flexibility in managing the company’s future investment in the project, with their creation subject to statutory and regulatory approvals, and further details to be disclosed to stock exchanges once the subsidiaries are formally incorporated.
More about Ruby Mills Limited
The Ruby Mills Limited is an India-listed company operating in the textile and related manufacturing sector, with its securities traded on both the National Stock Exchange of India and BSE Limited under the symbol RUBYMILLS and code 503169.
Average Trading Volume: 698
Technical Sentiment Signal: Sell
Current Market Cap: 6.79B INR
For a thorough assessment of RUBYMILLS stock, go to TipRanks’ Stock Analysis page.