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| Exchange Disseminated Time 17/08/2015 18:45:01 | CMI Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2015, inter alia, has approved the following matters:
1. Allotment of 19,45,650 (Nineteen Lac Forty Five thousand Six Hundred Fifty) Equity Shares of having face value Rs. 10/- (Rupees Ten only) each at a premium of Rs 91/- Per Equity Share to non promoters, and
2. Allotment of 7,00,000 warrants @ Rs. 101/- per warrant (including premium of Rs 91 per warrant), convertible into equal number of equity shares within a period of 18 months from the date of allotment, in respect of which minimum amount of 25% of the total consideration has been received, to the promoter group.
The Company has received in principle approval from the Bombay Stock Exchange Limited vide its letter dated July 31, 2015. |
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