CMI Ltd allots 70 lakh shares

The Board of Directors of CMI Ltd at its meeting held on July 15, 2014, has approved the allotment of 70,00,000/- (Seventy Lacs) Equity Shares of having face value Rs. 10/- (Rupees Ten only) each at a premium of Rs. 5/- Per Equity Share, in pursuance of resolution for preferential issue passed by the members through postal ballot on June 27, 2014 and receipt of in principle approval from the Bombay Stock Exchange Limited vide its Letter dated July 09, 2014.

Shares of CMI LTD. was last trading in BSE at Rs.36.15 as compared to the previous close of Rs. 37.35. The total number of shares traded during the day was 2349 in over 41 trades.

The stock hit an intraday high of Rs. 38.1 and intraday low of 35.75. The net turnover during the day was Rs. 87523.

Source : Equity Bulls

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