CNI Research Ltd to consider fund raising on June 11, 2014

A meeting of Board of Directors of CNI Research Ltd will be held on June 11, 2014, to consider issue of equity shares and/or warrants convertible into equity shares on preferential basis to promoters subject to approval of the members in General meeting.

The Board will consider issue of equity shares and/or warrants convertible into equity shares on preferential basis to non-promoters subject to approval of the members in General meeting.

The Board will also consider proposal to increase the Authorized Capital of the Company pursuant to the issue of warrants convertible into equity shares and issue of equity shares on preferential basis.

The Board will also fix the date, time and venue of the Extra Ordinary General meeting.

Shares of CNI RESEARCH LTD. was last trading in BSE at Rs.2.04 as compared to the previous close of Rs. 1.95. The total number of shares traded during the day was 12900 in over 8 trades.

The stock hit an intraday high of Rs. 2.04 and intraday low of 2.03. The net turnover during the day was Rs. 26306.

Source : Equity Bulls

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