Lehar Footwears Limited receives approval for financial assistance of Rs. 8.46 crores

Lehar Footwears Limited has received approval from Government of India for Financial assistance of Rs. 8.46 crores against the total project cost of Rs. 16.92 crores for the development of design studio being granted as per the guidelines under the 'Development of Design Studios in Footwear and Leather Sector' a sub-scheme of Indian Footwear and Leather Development Programme (IFLDP). Balance amount of Rs.8.46 crores will be invested by the Company and the investment in the development of design studio should be completed with a period of 12 months.

Shares of Lehar Footwears Ltd was last trading in BSE at Rs. 259.75 as compared to the previous close of Rs. 244.10. The total number of shares traded during the day was 48864 in over 434 trades.

The stock hit an intraday high of Rs. 262.20 and intraday low of 232.00. The net turnover during the day was Rs. 12541346.00.

Source : Equity Bulls

Keywords

LeharFootwears INE976H01018 GovernmentOfIndia Approval FinancialAssistance DesignStudio