Ruby Mills Ltd receives occupation certificate for 'The Ruby' tower

The Ruby Mills Ltd has obtained renewed Occupation Certificate (OC) including for upper floors of 'The Ruby' tower at Dadar, Mumbai. The building which was earlier approved under the Development Control Regulations 1991 (DCR 1991) is now converted under the current regulations i.e. Development Control and Promotion Regulations 2034 (DCPR 2034). The Company has made payment of requisite premium to the Municipal Corporation of Greater Mumbai (MCGM) and the State Government.

This shall enable the company to unlock the real estate value of the tower. At this stage, the Company cannot estimate the revenue to be generated.

Shares of The Ruby Mills Limited was last trading in BSE at Rs. 300.10 as compared to the previous close of Rs. 287.90. The total number of shares traded during the day was 18244 in over 1305 trades.

The stock hit an intraday high of Rs. 307.00 and intraday low of 289.60. The net turnover during the day was Rs. 5447936.00.

Source : Equity Bulls

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