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The board of Ruby Mills has approved the issue of bonus shares in the ratio of 1:1, subject to approval by shareholders at the ensuing annual general meeting. The bonus shares will be credited to the account of the beneficiary owner/dispatched on or before October 30. Post-issue of bonus shares, the paid-up capital of the company will increase to ₹8.36 crore. Shares of Ruby Mills edged down 3.8 per cent at ₹416.50 on the BSE.
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