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Liberty Shoes Ltd on Monday said it will set up a wholly-owned subsidiary in Dubai for expanding the overseas presence of the company.
The board of directors at their meeting, have approved the setting up 100 per cent wholly owned subsidiary at Dubai, the company informed the Bombay Stock Exchange.
The matter relating to raising finance through various means including preferential allotment and private placement has been deferred till compliance of listing of additional shares, it said.
The company's share price was up Rs4.30 at Rs 276.50 on Monday.