Legacy Footwear gets nod to raise paid-up capital

Legacy Footwear Ltd has received the regulator's nod to increase the paid-up capital by Tk 30 crore.

Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock.

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The Bangladesh Securities and Exchange Commission has accorded its consent to Legacy Footwear to raise the paid-up capital through the issuance of three crore ordinary shares of Tk 10 each, said the footwear manufacturer in a filing on the Dhaka Stock Exchange.

The paid-up capital now stands at Tk 13.08 crore.

Shares of Legacy Footwear declined 9.93 per cent to Tk 88 on the bourse yesterday.