Liberty Shoes to raise Rs.125 Crores through private placement / FCCB issue

Liberty Shoes Ltd has announced that the Board of Directors of the Company at its meeting held on January 18, 2007, inter alia, has been authorised to raise funds to the extent of Rs 125 Crore through QIP / Private Placement / FCCB or any other mode for meeting long term financial requirements of the Company.

Further the Company has informed that, the Board has also ratified the permotion of Sh. Munish Kakra as "Vice president & Company Secretary."

Source : Equity Bulls

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