Kavveri Telecom Products has received an approval for increasing investment of foreign investors in the shares up to 35% of the share capital of the company. The board at its meeting held on December 09, 2011 has approved for the same. Further, the above is subject to the approval of the members of the company.
Earlier in June this year, the company had approved the proposal of raising funds by way of issue of QIP/ FCCB/ ADR/GDR or through any other mode of securities. The board of directors in their meeting held on June 2, 2011 approved the funds raising plan.
Kavveri Telecom Products is currently a leading manufacturer of RF Products and Antennas in India. The company has a major market control in RF products and antennas. The company’s customers include all the leading operators and OEMS including Ericsson, Alcatel Lucent, Nokia Siemens Networks, RCom, Airtel, Vodafone, Idea, Aircel, BSNL to name a few.
