Ruby Mills surges on bonus issue plans

The board will meet on August 31 to consider and recommend allotment of bonus shares

Shares of Ruby Mills were up over 6% at Rs 353 on the Bombay Stock Exchange after the company in a release informed that it's board will meet on August 31, 2015 to consider and recommend allotment of bonus shares.

Further, as per the code of conduct for prevention of insider trading of the company, the trading window for dealing in the securities of the company shall remain closed for all the directors, officers, designated employees and others covered under the said code from August 24, 2015 till September 03, 2015 (both days inclusive), the release added.

The stock opened at Rs 352 and touched a high of Rs 360. At 2:10PM, over 14,000 shares were traded on both the stock exchanges.