CNI Research Ltd calls for Board Meeting on July 24, 2014

A meeting of the Board of Directors of CNI Research Ltd will be held on July 24, 2014, to consider issue of 1,08,00,000 Convertible Warrants on preferential basis to the Promoter / Promoter Group, with each Warrant convertible into one equity share of the Company of nominal value of Re. 1/- each at a price of Rs. 2/- which includes a premium of Re. 1/- per share.

The Board will also consider issue of 3,92,00,000 Equity shares for cash at a price of Rs. 2/- per equity share (including a premium of Re. 1 /- per Equity share) on preferential basis to the Non-Promoter Group.

Shares of CNI RESEARCH LTD. was last trading in BSE at Rs.3.79 as compared to the previous close of Rs. 3.86. The total number of shares traded during the day was 1578 in over 4 trades.

The stock hit an intraday high of Rs. 3.79 and intraday low of 3.79. The net turnover during the day was Rs. 5980.

Source : Equity Bulls

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