Ruby Mills has received an approval for raising funds not exceeding Rs 400 crore from Banks and Financial Institutions against issue of Non-Convertible Debentures (NCDs) or any such other security at an appropriate rate of interest, for financing of the Ruby Tower project subject to compliances under the applicable laws on such terms and conditions as may be agreed upon between the parties.
The Board of Directors of the company at their meeting held on August 27, 2018, approved the same.
Ruby Mills is a composite textile mill, mainly manufacturing Cottons. The Products range of the company includes Cotton & Blended Yarns.
