Held on 15 December 2014
CMI announced that the Board of Directors of the Company at its meeting held on 15 December 2014 have decided to raise funds by way of one or more of the following modes, subject to approval of shareholders through postal ballot/ EGM:To issue a maximum of 18,00,000 equity shares of Rs 10 each, on preferential basis to non-promoters and upto a maximum of 15,00,000 warrants convertible into equal number of equity shares having face value of Rs 10 each to the promoters.
To raise funds upto a maximum of Rs 100 crore by way of issue of GDR/ ADR/ ECB/ FCCB/ QIP or any other mode as may be deemed fit by the Board subject to applicable regulations.
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