CMI Limited (BSE:517330) announced a private placement of 500,000 common shares at INR 300 per share for gross proceeds of INR 150,000,000 on January 16, 2017. The transaction will include participation from promoters or promoter group. The company will issue securities on preferential basis. The company will issue shares at premium of INR 290 per share. The transaction has been approved by the board of directors of the company.