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Home grown telecom equipment company Kavveri Telecom Products today said it is looking for acquisition of overseas firms to have access to new technologies and expand its reach.
“We will hold an extraordinary general meeting on July 4 to seek approval of raising funds to the tune of Rs 75 crore through qualified institutional placement. This fund will contribute in the acquisition,” Mr Shivakumar Reddy, Managing Director, Kavveri Telecom Products, told PTI.
The company is eyeing to acquire companies making radio frequency (wireless) products in North America and Europe. Besides, the company's earlier announcement of acquiring a radio frequency (RF) company in Europe.
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