In an effort to make inroads in rural India, stock market research firm CNI Research today said it has launched its market commentary segment--Chakry comments--in Marathi and Gujarati languages.
The company in order to reach the mass investing community has now launched its 'Chakry comments' even in Marathi and Gujrathi regional languages, CNI Research said in a filing to the BSE.
CNI Research Ltd has announced that the Company has entered into strategic alliance and content sharing partnership for HINDI language with a leading HINDI website www.arthkaam.com. Arthkaam is a website run by highly classified professionals having wide reach to the HINDI reading population. It has meaningful content on the economy, banking, mutual fund, insurance, politics and various other aspects including capital market.
The objective of the alliance is to educate large section of the Indian population about the economy and the importance of the capital market, to provide quality insight about the day to day happening which could help investors understand the market and take informed decisions.
Overseas Infrastructure Alliance India has picked up 6.79 per cent stake in stock market research firm Cni Research.
Overseas Infrastructure Alliance has purchased 43.99 lakh shares, representing 6.79 per cent stake in the stock market research firm, Cni Research said in a disclosure to the Bombay Stock Exchange (BSE).
Overseas Infrastructure Alliance analyse, explore, develop and deliver infrastructure projects across all industrial sectors.
CNI had recently announced its intention to enter into other growth areas like, investment banking, corporate branding, rural research and marketing, brokering and value added financial services.
CNI Research Ltd has informed that with effect from April 01, 2010, the Company has discontinued selling its products to retail & HNI investors. The same will be done by Cni Infoxchange Pvt. Ltd subsidiary company of Cni Research Ltd w.e.f. April 01, 2010.
CNI Research Ltd has informed that the Board of Directors of the Company at its meeting held on March 15, 2010, has decided to appoint M/s. Komal Deshmukh and Associates, Company Secretaries, to work on the feasibility of the business restructuring including merger and de merger of group companies or possibility of any acquisitions which are required for inorganic growth of the Company. The said consultant will also advise Company the means of raising funds.
It is also decided that the consultant will submit the report within reasonable time-frame, so that the Company can take appropriate decision in this regard.
Meanwhile the Board is considering independently the possibility of raising funds through QIP or any other route which in the opinion of the Board will help the Company grow.
CNI Research Ltd has informed about the following:
"CNI Research Ltd had a few weeks back announced its intention to make its website multilingual CNI Research Ltd is pleased to announce to its stake holders that it has made its first beginning on March 05, 2010. CNI Research Ltd has launched its services on its web portal www.chamatcar.com in Hindi for Chakry comments. The service would be free of cost to begin with subject however to compulsory registration, for the up country investors living in the Northern parts of the country on a trial basis. The launch of regional language based content is in keeping with CNI's commitment to provide meaningful research to people living in the farthest comers of the Country. CNI will be entering other regional area very soon to provide its content in regional languages.
CNI Research believes that with this phased launch in regional languages, retail investors would be in a position to take more informed decisions for investment rather than relying on rumours alone. CNI Research is committed to working for the interests of the common investor who does not have facilities and recourse to reliable information It is also believed that reaching regional territories is in line with the recently announced business plan of CNI."
Trading Members of the Exchange are hereby informed that they are permitted to trade in the under mentioned new securities of CNI Research Limited (Scrip Code: 512018) with effect from Monday, January 18, 2010
3,06,02,250 Bonus Equity Shares of Re.1 each allotted on December 21, 2009
3,24,02,251 to 6,30,04,500
These shares are pari passu with the old equity shares of the company.
In case the Trading Members require any clarification on the subject matter of the Notice, they may please contact Ms. Renita D’souza on Tel. No.: (022) 22728536.
CNI Research Limited, the leading provider of information on Small & Mid-caps, enters into a content sharing agreement with Thompson Reuters
CNI to provide reliable information to Reuters customers on Small & Medium Caps
CNI Research today announced entering into an agreement with Thomson Reuters to provide research content for the mid cap and small cap segment which will be available on Reuters.
CNI Research Limited is a BSE Listed, Indian Research Company, analysing and providing Data, Research Reports and Financial Information about companies that are into the Small and Medium Cap category.
CNI Research operates in the highly fragmented SME segment where information is hard to come by. Most of the research in
CNI, established in 2000, has successfully stepped into this void and established itself as a serious research house that sources, hard to find data, from these enterprises and does in-house research to come up with reports that are reliable and often predict the future happenings.
"We believe that it is a win-win situation for CNI & Thompson Reuters. We will be able to extend our reach to a much larger audience amongst the investing public by providing our expertise on the Reuters platform. Through CNI content, Thompson Reuters will also be able to have access to reliable content on Indian small & mid-caps and provide its customers with dependable information from experts in the field that can help them make informed investment decisions", says Kishor P Ostwal, CMD, CNI Research Limited.
Under the agreement, CNI research will make available data regarding small & mid-caps, research reports relating to individual scrip from the sector and the markets per se to Thompson Reuters for its usage on the website and to its customer base.
CNI today has more than 40,000 subscribers from the retail Investors who rely on CNI for authentic and reliable information on Capital Markets to make their investment decisions. This information is provided to them online through their Financial Portal www.chamatcar.com .
The Promoters or promoter group of the Cni Research Ltd has not pledged any shares.
CNI Research Ltd has taken a minority stake in a Delhi based education Company Next Gen Edusolution Pvt Ltd on December 30, 2008.
The Annual General Meeting (AGM) of the members of the Company will be held on September 29, 2007, inter alia, to transact the following:
1. To receive, consider and adopt the Audited Balance Sheet as on March 31, 2007 and the Profit & Loss Account for the financial year ended March 31, 2007 together with Director’s report and Auditor’s report.
2. To appoint a director in place of Mr. S T Jain who retires from office by rotation who being eligible offers himself to be reappointed.
3. To appoint and fix the remuneration of auditors.
4. To issue bonus shares in proportion of 1 Equity Share of Re 1/- each to existing shareholders holding 2 equity shares.
5. To issue 3000000 convertible warrants to promoters at SEBI formula price or Rs 30/- each whichever is higher.
The members at the 25th Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, has transacted the following business:
1. The members approved Annual Accounts for the year 2006-2007.
2. Re-appointment of Mr. S T Jain, retiring director, was approved.
3. Re-appointment of retiring auditor was also approved by the members.
4. The members also approved issue of bonus shares in the ratio of 1:2.
5. Preferential allotment of 30,00,000 convertible Share warrants to promoters was
A meeting of the Board of Directors of the Company will be held on November 07, 2007, to consider the business of Allotment of Bonus Equity Shares to the equity shareholders of the Company as on Record Date i.e. November 06, 2007.
The Board of Directors of the Company at its meeting held on November 07, 2007, has allotment of 1,02,00,750 equity shares of Rs 1/- each is made to the members who are members of the Company as on record date of November 06, 2007.
The Company is adding more products in this quarter in the Company and its subsidiary which will further improve its top line.
The Company and Suvidhaa Infoserve Pvt Ltd have signed an agreement for channel partnership for content sharing and marketing.
Suvidhaa Infoserve P Ltd backed by Shapoorji Pallonji Gr has recently floated the company to aggregate, commoditize and distribute the services in most convenient form across India with 1350 retail outlets so far to cater the needs of all kinds of services including financial services. "SUVIDHAA" will be having 10,000 outlets across the country in 1st year and 1,00,000 outlets in a span of 3 years. Whereas for the Company it is only the second such channel partnership the first being with Satyam gr of company "SIFY" which is a Nasdaq listed company.
The alliance will improve the top line of the Company which is a fully paid portal. The Company is also looking for strategic tie ups in 12 months to cash the boom on the capital market where it would like to make its product available even at the remote places. It is widely believed that interact penetration is set to rise from the current 3 to 4% to almost 10% in next 3 years a whopping jump which will help all net based companies.
The meeting of the Board of Directors of the Company will be held on February 27, 2008, inter alia, to decide preferential allotment of shares / convertible warrants to promoters and non promoters.
The Company has signed a consulting agreement with Wakabayasbi Fund, LLC, a Japanese Limited Liability Company (the "Company"), a corporation organized and existing under the laws of the Japan., whose address is 2-6-2 Kamiosaki, Shinagawa-ku, Tokyo, Japan 141-0021.
The agreement is for liaison of Capital Funding and Institutional Relationship (non exclusive in India and overseas). The alliance will improve the top line of CNI Research Ltd which is a fully paid portal.
This agreement will strengthen the existing business of CNI Research in more than one way. Cni Research is in talks for more such alliances with few leading overseas investment bankers.
The Board of Directors of the Company at its meeting held on February 27, 2008, has taken the following decisions:
1. To make preferential allotment of 60,00,000 convertible share warrant to promoters, non promoters and strategic investors at a price to be calculated as per SEBI (DIP) Guidelines, 2003 to be converted into equal number of equity shares of Rs 1/- each within 18 months from the date of allotment.
2. To convene an Extra Ordinary General Meeting on March 27, 2008 to take approval from shareholders for the said preferential allotment.
With reference to the earlier announcement dated February 27, 2008 regarding the meeting of the Extra Ordinary General Meting is scheduled to be held on March 27, 2008, to consider preferential allotment of 60,00,000 convertible share warrants to promoters and non promoters, the Board will meet again on March 03, 2008 to consider rescheduling of said proposed Extra Ordinary General Meeting.
The Board of Directors of the Company at its meeting held on March 03, 2008, has decided to reschedule the Extra Ordinary General Meeting on May 03, 2008 instead of March 27, 2008 to consider the preferential allotment of 60,00,000 convertible share warrants under section 81(1A) of the Companies Act, 1956 to promoters, non promoters and strategic investors at a price to be calculated as per SEBI (DIP) Guidelines, 2003 to be converted into equal number of equity shares of Rs 1/- each within 18 months from the date of allotment.
The Register of Members & Share Transfer Books of the Company will remain closed from September 24, 2008 to September 26, 2008 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 26, 2008.