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NT Bureau
Chennai, Feb 22:

        Rakesh Jhunjhunwala is now on the board of directors of Metro Shoes following his picking up 15 per cent stake in the company.

        Rafique Malik, chairman and managing director, Metro Shoes Pvt Ltd is confident that the equity participation of Jhunjhunwala will enable Metro Shoes to maintain its leadership and achieve greater heights.

        According to Jhunjhunwala, Metro Shoes is growing at a speed of 30-35 per cent per annum and has the potential to grow at a much faster pace. Metro has one of the best management information systems in place. We always try to partner with commited promoters who have leadership position in their segment and have strong fundamentals.

        Our objective of investment is not short term but to enter into a long lasting partnership and have a share in future growth of Metro.