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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 June 02, 2011, inter alia, have approved the following:
1. The raising of additional funds by way of issue of QIP/ FCCB/ ADR/GDR or through any other mode of securities, subject to approval of the shareholders of the company and other regulatory authorities.
2. The allotment of 20,00,000 equity shares - pursuant to conversion of warrants issued under preferential basis - to non-promoters.
3. The allotment of 8,00,000 equity shares - pursuant to conversion of warrants issued under preferential basis - to promoters. |
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