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| Exchange Disseminated Time | Kavveri Telecom Products Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2012, inter alia, have transacted the following:
1. The Board of Directors 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.
2. The board has considered and approved setting up of a subsidiary in USA to acquire companies in USA.
The Board further authorized Mr. C. Shiva Kumar Reddy, Managing Director and Mr. William R. McBride, Executive Vice President (Acquisitions and Strategic Relationships) to take necessary steps required to complete this incorporation. |
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