Kavveri Telecom Products is learnt to be in talks with several private-equity investors to raise between $8.94 million to $11.2 million by selling a stake in its infrastructure unit. The Indian telecom products maker owns 51 per cent of unit Kavveri Telecom Infrastructure, while the rest is held by the founding family.
The sale will be through an issue of fresh shares.
Kavveri Telecom Products is also in talks with a handful companies for orders potentially worth between $3 million to $20 million. These orders are likely to be executed over the next 18 to 24 months. The company has a telecom equipment factory in Bangalore. The company makes antennas and other related products embedded in modems and communication devices sold by telecom firms to consumers. The company’s products are used by Chinese makers of telecommunication equipment such as Huawei Technologies and ZTE Corp.
