CNI Research working on fund raising plans

Domestic brokerage firm CNI Research Ltd today said it is considering the possibility of raising funds through various routes including issue of shares to qualified institutional buyers.

"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," it said in a filing to the BSE.

Shares of CNI research were down 2.2 per cent at Rs 17.05 at around 11 am on the Bombay Stock Exchange.