Press Release: December 08, 2016
The shares of CMI Limited, the BSE listed specialty cables manufacturing company have been listed for trading on the National Stock Exchange. It will be traded vide ISIN number INE981B01011 & symbol: CMICABLES under Normal Market segment (Rolling Settlement) in compulsory demat form for all investors.
Mr. Amit Jain, CMD, CMI Limited said “The listing on NSE will provide additional liquidity to retail investors and will lead to better price discovery for the shares of CMI. Institutional investors, who are at times wary of investing in shares listed only on BSE due to liquidity concerns, will now have the additional comfort of CMI shares being listed on NSE while making investment decisions.”
CMI Limited has been growing at a healthy pace over the last 2-3 years and is expected to benefit immensely from the growth in infrastructure spending from the Government particularly in Railways and Power. The company has also undertaken a major expansion in its production capacity as well as product portfolio by acquiring the Indian operations of General Cable Corporation, a Fortune 500 company.
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