Legacy Footwear to raise paid-up capital to Tk 30cr

Legacy Footwear Ltd has decided to raise its paid-up capital to Tk 30 crore from Tk 130.80 crore now.  

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 board of directors of the footwear manufacturer has decided to raise the paid-up capital through the issuance of 3 crore ordinary shares of Tk 10 each to the existing directors other than existing shareholders against cash consideration, according to a filing on the Dhaka Stock Exchange.

The move is subject to the approval of the Bangladesh Securities and Exchange Commission.

Shares of Legacy Footwear were unchanged at Tk 58.70 on the DSE yesterday.