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Friday, December 28, 2007

Liberty Shoes' Subsidiary Allots Equity Shares

Liberty Retail Revolutions, 100% retail subsidiary of Liberty Shoes has made preferential allotment of its 6,50,000 equity shares of Rs 10 each for cash at a premium of Rs 140 per shares aggregating to Rs 9.75 crore to expand its existing retail network and also to meet out its long term working capital requirements.

Liberty Shoes is now having 99,96,150 equity shares constituting 93.86% of the total expanded capital of its retail subsidiary.

The company made this announcement after the trading hours on Thursday, 27 December 2007.
Posted by Indian-commodity at 11:27 AM

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