Latest news with #KelltonTechSolutionsLimited
Mint
12 hours ago
- Business
- Mint
Multibagger small-cap stock declares issue price for ₹69.30 crore fundraise via issuance of warrants
Stock Market Today: Multibagger small-cap stock declares issue price for ₹ 69.30 crore fundraise via issuance of warrants. Check details about Kellton Tech Solutions Limited Multibagger small-cap stock Kellton Tech Solutions, announcing the outcome of the board meeting on the exchanges on 18 June, gave the issue price details for the ₹ 69.30 crore fundraise via issuance of warrants. Kellton Tech Solutions, in its release on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange, said that the issue price for the ₹ 69.30 crore fundraise via issuance of warrants stood at ₹ 126. The board of directors of Kellton Tech Solutions on 11 June 2025 had considered and approved raising funds through the issue and allotment of up to 5,500,000 (fifty-five lakhs) warrants. The issued funds will be convertible into 1 (one) equity share of face value of ₹ 05/- (rupees five only) each. The approved raising of funds through the issue and allotment of warrants by Kellton Tech Solutions is to certain promoter and non-promoter investors on a preferential basis. The fundraising through warrants is at an issue price of ₹ 126/- (Rupees One Hundred Twenty-Six Only), including a premium of ₹ 121/- (Rupees One Hundred Twenty-One) per warrant, clarified Kellton Tech Solutions on 18 June 2025, through its release. The fundraiser will be aggregating up to maximum amount of ₹ 69,30,00,000/- (Rupees Sixty-Nine Crore Thirty Lakh only), subject to the approval of regulatory and statutory authorities and the Members of the Company at the ensuing Extraordinary General Meeting. Multibagger small-cap stock Kellton Tech Solutions Ltd. also announced the recommendation by its board for a stock split in the ratio of 1:5, following a board meeting held on June 14, 2025. The sub-division will split each fully paid-up equity share with a face value of ₹ 5 into 5 equity shares with a face value of ₹ 1. The same will be taken up at the AGM, and an ordinary resolution is to be passed at the upcoming Extraordinary General Meeting (EGM) to change the company's share capital by dividing each existing equity share with a face value of ₹ 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares with a face value of ₹ 1/- (Rupee One only) each, fully paid-up, as has been considered, approved, and recommended to the shareholders.
Mint
15 hours ago
- Business
- Mint
Multibagger small-cap stock declares issue price for ₹69.30 crore fundraise via issuance of warrants
Stock Market Today: Multibagger small-cap stock declares issue price for ₹ 69.30 crore fundraise via issuance of warrants. Check details about Kellton Tech Solutions Limited Multibagger small-cap stock Kellton Tech Solutions, announcing the outcome of the board meeting on the exchanges on 18 June, gave the issue price details for the ₹ 69.30 crore fundraise via issuance of warrants. Kellton Tech Solutions, in its release on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange, said that the issue price for the ₹ 69.30 crore fundraise via issuance of warrants stood at ₹ 126. The board of directors of Kellton Tech Solutions on 11 June 2025 had considered and approved raising funds through the issue and allotment of up to 5,500,000 (fifty-five lakhs) warrants. The issued funds will be convertible into 1 (one) equity share of face value of ₹ 05/- (rupees five only) each. The approved raising of funds through the issue and allotment of warrants by Kellton Tech Solutions is to certain promoter and non-promoter investors on a preferential basis. The fundraising through warrants is at an issue price of ₹ 126/- (Rupees One Hundred Twenty-Six Only), including a premium of ₹ 121/- (Rupees One Hundred Twenty-One) per warrant, clarified Kellton Tech Solutions on 18 June 2025, through its release. The fundraiser will be aggregating up to maximum amount of ₹ 69,30,00,000/- (Rupees Sixty-Nine Crore Thirty Lakh only), subject to the approval of regulatory and statutory authorities and the Members of the Company at the ensuing Extraordinary General Meeting. Multibagger small-cap stock Kellton Tech Solutions Ltd. also announced the recommendation by its board for a stock split in the ratio of 1:5, following a board meeting held on June 14, 2025. The sub-division will split each fully paid-up equity share with a face value of ₹ 5 into 5 equity shares with a face value of ₹ 1. The same will be taken up at the AGM, and an ordinary resolution is to be passed at the upcoming Extraordinary General Meeting (EGM) to change the company's share capital by dividing each existing equity share with a face value of ₹ 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares with a face value of ₹ 1/- (Rupee One only) each, fully paid-up, as has been considered, approved, and recommended to the shareholders. 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.
India.com
14-05-2025
- Business
- India.com
Kellton Tech shares surge 5 per cent as company issues USD 10 million FCCBs
सेफ इंवेस्टमेंट का भी करें इंतजाम New Delhi: Shares of Kellton Tech Solutions, an IT services provider, jumped 5 per cent on Wednesday i.e. on May 14, 2025 as the company has the firm has informed exchanges that its board of directors has approved the issuance of foreign currency convertible bonds (FCCBs). 'Issuance of U.S. $ 10,000,000 6.50% senior unsecured foreign currency convertible bonds due 2035 of Kellton Tech Solutions Limited ('FCCBs');' the company said in an exchange filing. The counter started the session at Rs 112.50 against the previous close of Rs 111.85 on the BSE. The scrip climbed further to touch an intraday high of Rs 117.45 – a jump of 5 per cent from the previous close. Last seen, the counter held firmly in green amid strong buying and was trading at Rs 117. 20. The 52-week high of this stock is Rs 184.30 and the 52-week low is Rs 85.10. The market cap of the company is Rs 1,142.86. The stock has been gaining for the last four days and has risen 13.11 per cent in the period. On technical parameters, the scrip is trading higher than 5-day, 20-day and 50-day moving averages but lower than 100-day and 200-day moving averages. The board has also approved the Offering Circular dated on or about May 13, 2025. Additionally, they designated May 13, 2025, as the 'Relevant Date' for the purpose of the FCCB issue, under the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993, as amended. Consequently, the regulatory floor price for the conversion of these FCCBs has been determined to be Rs 107.00. Meanwhile, equity benchmark indices Sensex and Nifty rebounded in early trade today. The 30-share BSE benchmark gauge Sensex climbed 281.43 points to 81,429.65 in early trade. The NSE Nifty went up by 96.65 points to 24,675. From the Sensex firms, Tata Steel, Bharti Airtel, Eternal, Tech Mahindra, Infosys, Mahindra & Mahindra, Bajaj Finserv and Reliance Industries were the major gainers.
Mint
13-05-2025
- Business
- Mint
625% rally in five years! Multibagger stock Kellton Tech Solutions share price edges higher despite stock market crash.
Stock Market Today: Having risen 625% rally in five years, the Multibagger stock Kellton Tech Solutions share price gained higher on Tuesday despite stock market crash. Here's why Kellton Tech Solutions intimated the National Stock Exchange of India and the BSE Ltd on Tuesday 13 , May 2025 about the outcome of the Board meeting. The Board of Directors of Kellton Tech Solutions gave Approval of $ 10,000,000 of 6.50% Senior Unsecured foreign currency convertible bonds due 2035 of Kellton Tech Solutions Limited ("FCCBs") Kellton Tech Solutions had intimation on May 08, 2025, about having obtained the approval of the members of the Company through Postal Ballot conducted between December 23, 2024 and January 22, 2025, for the proposed issuance of foreign currency convertible bonds (FCCBs). Kellton Tech Solutions said based on the In-principle approvals granted by BSE Limited and National Stock Exchange of India Limited on February 20, 2025, the Board of Directors of the Company, at its meeting held on May 13, 2025, has, considered and approved the matters in connection with the aforesaid offering, While the Board approved the Issuance of $ 10,000,000 6.50% senior unsecured foreign currency convertible bonds due 2035 of Kellton Tech Solutions Limited ("FCCBs"), it also approved the 'Relevant Date' for the purpose of the Issue of FCCBs as May 13, 2025 in accordance with the Issue of Foreign Currency Convertible Bonds and Ordinary Shares Regulatory Floor Price Also the regulatory floor price as determined in accordance with the FCCBs Guidelines is Rs.107.00, the Final identification of investors and other associated matters shall be subject to the outcome of the open offer process, and the same shall be intimated in due course , said Kellton Tech Solutions Kellton Tech Solutions share price opened at ₹ 111.35 on the BSE on Tuesday at at the time of opening was trading higher compared to previous day's closing price of ₹ 109.95. The Kellton Tech Solutions share price thereafter gained to intraday highs of 112.30, which meant gains of more than 2% on a day when Sensex was down more than 1.5% down amid stock market crash. Disclaimer: 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 taking any investment decisions.
