Neha International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2008, inter alia, has considered the acquisition of two floriculture units in Ethiopia, which have 56 hectares of land and 12 hectares of growing under green houses, through its wholly owned subsidiary in Mauritius. In this regard, the Board has authorised Shri. G Vinod Reddy, Chairman & Managing Director to negotiate the consideration, other terms & conditions and to enter into agreements. The Board expects the deal to be completed by the end of June, 2008.