Kavveri Telecom Products have decided to appoint ENAM Securities for raising funds. The company’ board of directors approved the proposal of raising funds by way of issue of QIP/ FCCB/ ADR/GDR or through any other mode of securities in their meeting held on June 2, 2011.
The company’s net profit for the fourth quarter rose by 16.54% at Rs 7.75 crore as compared to Rs 6.65 crore for the corresponding quarter last year. Its total income increased by 37.19% at Rs 76.25 crore for the quarter under review from Rs 55.58 crore in the corresponding previous quarter. Meanwhile, the company registered a growth of 9.53% in its net profit for FY11 at Rs 34.12 crore as compared to Rs 31.15 crore for FY10.
Kavveri Telecom Products is a leading telecom products manufacturer, providing world-class hardware products and solutions for the telecom, defense and space industry. Kavveri Telecom combines expertise with experience to deliver state-of-art products and solutions spanning the wide spectrum of wireless Telecommunications. The diverse range of products manufactured by Kavveri Telecom includes Antennas, RFComponents, Repeaters, TMA / TMB etc.
