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Kavveri Telecom Products board recommends final dividend

31 May 2012 Evaluate

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.

Kavveri Def. Wireles Share Price

64.91 -1.86 (-2.79%)
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