Latest news with #ForeignCurrencyConvertibleBonds
Mint
01-08-2025
- Business
- Mint
Small-cap stock under ₹50: NBFC declares board meeting to consider fundraising. Details here
Stock Market Today: Small-cap stock under ₹ 50: An NBFC has declared a board meeting to consider fundraising. Details here about Paisalo Digital Limited Paisalo Digital, on Thursday, 31 July, after the market hours, intimated to the exchanges about its board meeting. In its release by Paisalo Digital on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange of India Intimated regarding raising of funds through private placement of nonconvertible debentures. The small-cap stock under ₹ 50, an NBFC, Paisalo Digital, in it release said that 'we would like to inform you that the meeting of the Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on August 5, 2025.' The meeting of the board of directors of Paisalo Digital will consider and approve the fundraising proposal by way of issuance of listed, secured, non-convertible debentures on a private placement basis. Paisalo Digital Ltd. a day earlier (30 July 2025) had announced the listing of 7.5% Foreign Currency Convertible Bonds (FCCBs) Due 2029—Paisalo Digital Limited on the 'Global Securities Market' of India International Exchange (IFSC) Limited. The listing of 7.5% Foreign Currency Convertible Bonds (FCCBs) due in 2029 will be in effect from 31 July 2025 as per Paisalo Digital Limited. The company has issued .$50,000,000 at 7.5 percent. Secured Foreign Currency Convertible.
Mint
01-08-2025
- Business
- Mint
Small-cap stock under ₹50: NBFC declares board meeting to consider fundraising. Details here
Stock Market Today: Small-cap stock under ₹ 50: An NBFC has declared a board meeting to consider fundraising. Details here about Paisalo Digital Limited Paisalo Digital, on Thursday, 31 July, after the market hours, intimated to the exchanges about its board meeting. In its release by Paisalo Digital on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange of India Intimated regarding raising of funds through private placement of nonconvertible debentures. The small-cap stock under ₹ 50, an NBFC, Paisalo Digital, in it release said that 'we would like to inform you that the meeting of the Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on August 5, 2025.' The meeting of the board of directors of Paisalo Digital will consider and approve the fundraising proposal by way of issuance of listed, secured, non-convertible debentures on a private placement basis. Paisalo Digital Ltd. a day earlier (30 July 2025) had announced the listing of 7.5% Foreign Currency Convertible Bonds (FCCBs) Due 2029—Paisalo Digital Limited on the 'Global Securities Market' of India International Exchange (IFSC) Limited. The listing of 7.5% Foreign Currency Convertible Bonds (FCCBs) due in 2029 will be in effect from 31 July 2025 as per Paisalo Digital Limited. The company has issued .$50,000,000 at 7.5 percent. Secured Foreign Currency Convertible. Small-cap stock under ₹ 50, an NBFC Paisalo Digital opened at ₹ 31.08 on the BSE on Friday. At the time of opening, the Paisalo Digital share price was almost flat compared to the previous day's closing price of ₹ 31.09. The small-cap stock under ₹ 50: The NBFC Paisalo Digital share price, however, gained further to ₹ 31.64, which translated into gains of almost 1%. Notably the gains for Paisalo Digital share price was on a day when the Indian stock market remained weak and the benchmark S&P BSE Sensex corrected 0.3-0.4%. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
07-07-2025
- Business
- India.com
Kellton Tech shares in action as company approves allotment of shares
Stock market- File image- For Representational purpose Shares of Kellton Tech Solutions Ltd gained today even as the market traded lower amid global volatility. The share opened at Rs 135.75 on the BSE against the previous close of Rs 134.90. It jumped further to touch the high of Rs 141.95. This is a gain of 5.23 per cent from the last closing price. The scrip has been gaining for the last three days and has jumped 7.59 per cent. Technically, the stock is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. What's Behind The Rally The rally in the stock is a result of the company's strategic decisions. The Members of the Security Issuance Committee have approved the allotment of 11,26,580 equity shares of face value of Rs 5 each against the conversion of Foreign Currency Convertible Bonds(FCCBs) issued by the company. Post this, the paid-up equity share capital of the company has increased from Rs 48,75,69,670 to a promising Rs 49,32,02,570, indicating significant growth. Share Price History The stock has given a return of 88.88 per cent in two years and 93.58 per cent in three years. However, it has corrected 11.52 per cent so far this year. The stock has a 52-week high of Rs 184.30 and a 52-week low of Rs 95.05. Stock Market Today Benchmark indices Sensex and Nifty declined in early trade on Monday amid caution ahead of the July 9 US tariff deadline, weak trends in Asian markets and foreign fund outflows. Volatile trends engulfed markets during the early trade amid concerns surrounding the US-India trade deal, experts said. The US tariff deadline on July 9 is a significant event for global markets, including India. The potential impact of this deadline on trade relations and market sentiment could be influencing the current market trends. July 9 marks the end of the 90-day suspension period of the Trump tariffs imposed on dozens of countries, including India. An additional import duty of 26 per cent was announced on Indian goods entering the US. With PTI inputs
Mint
05-07-2025
- Business
- Mint
Small-cap multibagger stock to be in focus on Monday; here's why
Multibagger small-cap stock Kellton Tech Solutions will likely hog the limelight when the Indian stock market resumes trading on Monday, July 7, following an update by the company regarding the allotment of shares against the foreign currency convertible bonds (FCBs) issued by the company. Kellton Tech Solutions, in an exchange filing on Friday post-market trading hours, said that its Security Issuance Committee at its meeting approved the allotment of 11,26,580 shares against the conversion of FCCBs. "Members of the Security Issuance Committee (hereinafter referred as 'SIC') of the Company at their meeting held today i.e. July 04, 2025, has approved the allotment of 11,26,580 (Eleven Lakh, Twenty Six Thousand, Five Hundred and Eighty) Equity shares of face value of ₹ 5/- each (fully paid-up) against the conversion of Foreign Currency Convertible Bonds (FCCBs) Issued by the of the Company," the small-cap company said in a filing. These shares were issued at a price of ₹ 106 per share, and will be listed on the BSE and the National Stock Exchange (NSE), it further said. The small-cap stock also clarified that the shares allotted are identical in all respects to the existing equity shares of the Company and shall rank pari passu with them from the date of allotment. "Consequent to the aforesaid allotment of 11,26,580 equity shares of ₹ 5/- each pursuant to the partial conversion of FCCBs, the paid-up equity share capital of the company has increased from ₹ 48,75,69,670/- comprising 9,75,13,934 equity shares of ₹ 5/- each fully paid-up to ₹ 49,32,02,570/- comprising 9,86,40,514 equity shares of ₹ 5/- each fully paid-up," Kellton Tech Solutions said in a filing. Kellton Tech Solutions share price ended the day ahead of the announcement in the green, rising 4.82% to end at ₹ 134.90. The IT services company, having a market capitalisation of ₹ 1,315 crore, has seen its share rise 24% in just three months. In the last one year, the small-cap stock is up 21%. However, on a year-to-date basis, it has lost 14%. Yet, over the longer time frame of five and 10 years, the small-cap stock has emerged as a multibagger bet, with the scrip gaining 796% in the last five years and 309% in the past 10 years. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
04-07-2025
- Business
- Mint
Multibagger stock Kellton Tech Solutions jumps over 5% despite stock market sell-off
Stock Market Today: Multibagger stock Kellton Tech Solutions gained over 5% during intraday trades on Friday. The gains for the despite the stock market sell-off. Check Kellton Tech Solutions business updates Multibagger stock Kellton Tech Solutions recently intimated to the exchanges about the Meeting of the Security Issuance Committee. As per its release by Kelton Tech Solutions on the BSE Ltd, or the Bombay Stock Exchange, or the BSE and the National Stock Exchange of India, the meeting of the Security Issuance Committee of the Board of Directors of Kellton Tech Solutions Limited is scheduled to be held on Friday, July 04, 2025. The meeting of the Security Issuance Committee of the Board of Directors of Kellton Tech Solutions Limited being held today, i.e., Friday, July 04, 2025, as per the company, will consider and approve the conversion of Foreign Currency Convertible Bonds (FCCBs) into equity shares of the company and discuss associated matters in continuation of the earlier fund-raising approved and allotted by the committee. The Kellton Tech solutions recently had also rewarded its shareholders by way of recommending for the subdivision and split of each existing equity share of the Company having a face value of ₹ 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares having a face value of ₹ 1/- (Rupee One only) each, fully paid-up. Kellton Tech Solutions share price opened at ₹ 129.85 on the BSE on Friday. At the time of opening, the multibagger stock Kellton Tech Solutions share price was up almost 1% compared to the previous day's closing price of ₹ 128.70 and on a day when the Indian share market remained weak. The Kellton Tech Solutions share price thereafter during the intraday trades gained further to intraday highs of ₹ 137.90, which meant gains of more than 7%. The Kellton Tech Solutions share price has risen more than 800% in the last five years and hence given multibagger returns to the investors. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
