Kavveri Telecom Products has informed that the board of directors of the company at its meeting held on May 30, 2012, have recommended final dividend of Rs 4 per equity share (i.e. 40% on equity share of face value Rs 10 each fully paid up), subject to approval of the members at their annual general meeting and considered and approved setting up of a subsidiary in USA to acquire companies in USA.
Further the board authorized C Shiva Kumar Reddy, managing director and William R McBride, executive vice president (acquisitions and strategic relationships) to take necessary steps required to complete this incorporation.
The above information is part of company’s filing submitted to the BSE.
| Company Name | CMP |
|---|---|
| ITI | 290.40 |
| Tejas Networks | 564.30 |
| Sedemac Mechatronics | 2745.30 |
| Black Box | 921.85 |
| Quadrant Televenture | 0.46 |
| View more.. | |
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