 "CMI up 20% in two days on preferential issue plan to promoters")
CMI has rallied 12% to Rs 163 on the BSE in intra-day trade, extending its previous day’s gain, after the company on Monday announced preferential issue plan to promoters.
“The board of directors of the company will meet on January 16, 2017 to consider issue of equity shares / warrants / convertible securities on preferential basis to promoters, promoter group and associates and to decide the relevant date for the purpose of preferential issue,” CMI said in a BSE filing.
In past two trading sessions, the stock rallied 20% from Rs 136 as compared to 0.17% rise in
“The board of directors of the company will meet on January 16, 2017 to consider issue of equity shares / warrants / convertible securities on preferential basis to promoters, promoter group and associates and to decide the relevant date for the purpose of preferential issue,” CMI said in a BSE filing.
In past two trading sessions, the stock rallied 20% from Rs 136 as compared to 0.17% rise in
