Ruby Mills repays secured term loans, unsecured loans aggregating to Rs145 crore; Stock jumps 4%

26 Apr 2022 , 10:07 AM

The Ruby Mills Limited on Monday informed to the exchanges that the company has repaid entire Term Loans and all Unsecured Loans aggregating Rs145 crore.

Ruby Mills had vide Stock Exchange intimation dated January 13, 2022 informed about the receipt of renewed Occupation Certificate (OC) for ‘The Ruby’ Tower at Dadar, Mumbai. This has enabled to start unlocking of the real estate value of the Commercial tower.

“With the opening of the economy, we shall see consolidation and fresh requirements of commercial office space”, said company.

At around 10:10 AM, Ruby Mills was trading at Rs416.65 apiece up by Rs15.8 or 3.94% from its previous closing of Rs400.85 apiece on the BSE.