Footwear retailer Metro Brands Ltd is planning to tap the capital market to raise fresh capital of up to ₹250 crore a large part of which will be utilised for opening 219 new stores under Metro, Mochi, Walkway and Crocs brands. “We are bullish about footwear retailing in India,” said Rafique A. Malik, chairman. Based on this three-year plan, a detailed yearly plan is prepared,” said Farah Malik Bhanji, MD. This includes 30.2% held by the Aziza Malik Family Trust and 29.76% held by the Rafique Malik Family Trust. As a part of the offer for sale, Aziza Malik Family Trust will sell up to 3,737,000 shares; Rafique Malik Family Trust 3,660,000; Farah Malik Bhanji 2,899,000, Alisha Rafique Malik 2,899,000; Zarah Rafique Malik 2,899,000, Zia Malik Lalji 2,899,000; Sabina Malik Hadi 2,899,000; Rakesh Hridaynarayan Pathak up to 8,100 shares.

Source: MetroXpress January 01, 1970 00:00 UTC