Liberty Shoes Ltd (LSL) has informed that the Company has its 100% retail subsidiary namely Liberty Retail Revolutions Ltd (LRRL) which exclusively deals in footwear retailing through its own, retail stores.
The latest development in its retail subsidiary are as under: 1. Liberty Retail Revolutions Ltd (LRRL), 100% retail subsidiary of the Company 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 Crores to expand its existing retail network and also to meet out its long term working capital requirements.
2. LSL is now having 99,96,150 Equity Shares constituting 93.86% of the total expanded capital of its retail subsidiary.
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