Kaveri Telecom will be buying a company, which is involved in antenna and radio frequency manufacturing. The size of the deal is seen at Rs 40-50 crore.
Kaveri Telecom is likely to announce the deal in 1-2 months.
The management has declined to comment on the deal. Meanwhile, they see FY08 turnover at Rs 100 crore.
The reason for the acquisition is that the product they sell in India is for Rs 500 and if they sell the same product in North America, they can earn USD 42. (MoneyControl)