[T.S.R:15921] World Starch Major CPI enters Indian Market by Acquiring Akzo Nobel Subsidiary -- Riddhi Siddhi Board Meet on 13th Oct. 2010 -- A Strong Rerating Waiting Ahead for Top 3 Indian Starch Cos.

Borad Meet of Riddhi Siddhi, the Indian Starch Sector Leader, is to be
held on 13th Oct. 2010 to consider Q2 numbers.

Also, on Oct.5, world starch major CPI entered Indian arena by
acquiring small Akzo Nobel starch business subsidiary at 1.2 x
topline. Still, all top 3 listed players of the sector which are much
larger in size (Riddhi topline for FY11 is 100x Akzo Nobel subsidiary
topline) are available at 0.5-0.65 sales which calls for significant
rerating of the companies on the bourses.

Rgds.
Mahesh

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