CMI Ltd has announced that the pledging on shares of Promoter Mr. Amit Jain is removed.
Out of 50,93,877 (33.9%) equity shares held by the promoter - Mr Amit Jain, 30,25,000 equity shares were pledged with one of the working capital lender to secure its working capital credit limit till completion of security perfection on pari passu basis with other lender.
Pledging on equity shares is now completely released by the lender upon perfection of the securities on pari passu basis in terms of their sanction.
Shares of CMI LTD. was last trading in BSE at Rs.55.05 as compared to the previous close of Rs. 56.9. The total number of shares traded during the day was 1487 in over 85 trades.
The stock hit an intraday high of Rs. 57.5 and intraday low of 54.6. The net turnover during the day was Rs. 83559.