Liberty Shoes approves issue of securities

Liberty Shoes Ltd has announced that the Board of Directors of the Company at its meeting held on April 27, 2009, inter alia, has approved the Company's proposal of issuance of Equity Shares / Convertible Securities / Warrants convertible into Equity Shares of the Company to the promoters / investors on preferential basis subject to the requisite compliances.

The Stock closed the day at Rs.44.70. The stock hit an intraday high of Rs.46 and low of Rs.44.55.

The total traded quantity was 1227 compared to 2 week average of 2799.

Source : Equity Bulls

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