Nagarjuna Fert to mull setting up Mauritius unit on March 11

The Company plans incorporate a wholly owned subsidiary company in Mauritius under the name and style of ‘Nagajuna Mauritius Pvt. Ltd'

Mar 10, 2010 01:03 IST India Infoline News Service

Nagarjuna Fertilizers announced that the board of directors will meet on March 11, 2010 to consider and approve the proposal to incorporate a wholly owned subsidiary company in Mauritius under the name and style of ‘Nagajuna Mauritius Pvt. Ltd' or such other name as may be permitted by the Registrar of Companies, Republic of Mauritius, Mauritius.

2. Commend a proposal to the shareholders to invest in cash a sum not exceeding Euro 5mn in the equity capital of the wholly owned subsidiary Company - Nagarjuna Mauritius Pvt. Ltd., Mauritius or such other name as may be approved by the Registrar of Companies, Republic of Mauritius, Mauritius, to be reinvested in Nagarjuna Spawnt GmbH, Germany, in Germany.

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