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

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.

The footwear manufacturer has informed that the board of directors 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 today. 

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