Kavveri Telecom Products appoints ENAM Securities for raising funds

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.