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Thursday, December 17, 2009

Nagarjuna Fertilizers - Acquisition of shares

Nagarjuna Fertilizers & Chemicals Ltd (NFCL) has informed that the members of the Company at the 33rd Annual General Meeting held on September 17, 2009 had approved the proposal to acquire 50,000 equity shares of Rs. 10/- each amounting to Rs. 5,00,000/- in the equity share capital of Kakinada Fertilizers Ltd., a Company incorporated under the Companies Act, 1956 and involved in micro-irrigation, fertilizers and other agri-inputs.

Further, Kakinada Fertilizers Ltd. is wholly owned subsidiary of NFCL with effect from December 15, 2009.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 10
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.2% 5.4% 5.5% Revised from 5.6%
15:30 NFIB Business Optimism Index 1 98.8 95.9 95.8
18:25 Redbook Index (YoY) 1 4.7% 4.9%
21:00 52-Week Bill Auction 1 3.94% 3.93%
22:30 3-Year Note Auction 1 3.972% 3.824%
Wednesday, Jun 11
02:00 API Weekly Crude Oil Stock 1 0.7M -3.3M
04:15 Visitor Arrivals (YoY) 1 -8.4%
15:00 10-y Bond Auction 1 4.673%
16:30 MBA Mortgage Applications 1 -3.9%
18:00 Building Permits (MoM) 1 2.2% -4.1%
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