Kavveri Telecom + Financial Technologies GDR

Kavveri Telecom Products has acquired Technology, Intellectual Property Rights and Patents of Cellular Infrastructure Base Station Antenna Line of erstwhile M/s. Sigma Wireless, Ireland from M/s. PCTEL INC., Chicago, Illinois, USA. along with the Technology, IPR and Patents.

The board of Financial Technologies India has decided to raise upto $ 100 million plus a green shoe option of upto $ 15 million through issue of Global Depository Receipts (GDRs) to overseas investors. Financial Technologies recently sold stake in MCX to Merill Lynch.