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Board of CMI approves preferential allotment of shares & warrants

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Capital Market

At meeting held on 16 April 2015

CMI announced that the Board of Directors of the Company at its meeting held on 16 April 2015 has decided, subject to approval of shareholders through Postal ballot/Extra Ordinary General Meeting: - To Issue upto maximum no. of 30,00,000 Equity Shares having face value of Rs. 10/- each, on Preferential basis, to Non promoters and upto maximum no. of 7,00,000 Warrants convertible into equal number of equity shares having face value of Rs 10 /- each to the promoters. The relevant date on which price is to be calculated shall be determined in accordance with Chapter VII of the SEBI (ICDR) Regulations.

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First Published: Apr 16 2015 | 7:56 PM IST

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