At meeting held on 19 February 2015 a
CMI announced that the Board of Directors of the Company at its meeting held on 19 February 2015, the Board, in pursuance of resolution for preferential issue passed by the members through postal ballot on 20 January 2015, inter alia, has approved the following matters:1. Allotment of 1,60,000 (One Lac Sixty Thousand) Equity Shares of having face value Rs. 10/- (Rupees Ten only) each at a premium of Rs. 54/- Per Equity Share to non promoters, and
2. Allotment of 7,00,000 warrants @ Rs. 64/- per warrant (including premium of Rs. 54 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.
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