Multibagger IT Stock Below Rs 120; Board Approved the Allotment of FCCBs Worth USD 1,00,00,000
The stock is up by 38 per cent from its 52-week low of Rs 85.10 per share and a whopping 670 per cent in 5 years.
On Friday, shares of Kellton Tech Solutions Limited gained 0.3 per cent to Rs 117.25 per share from its previous closing of Rs 116.90 per share. The stock’s 52-week high is Rs 184.30 per share and its 52-week low is Rs 85.10 per share.
Kellton Tech Solutions Limited's Security Issuance Committee met on May 23, 2025, and approved the allotment of Foreign Currency Convertible Bonds (FCCBs) totalling USD 1,00,00,000. These FCCBs consist of 10,000 bonds, each with a face value of USD 1,000, and carry a coupon rate of 6.5 per cent per annum. The bonds have a tenure of 10 years, maturing in 2035, and an initial conversion price of Rs s106 per equity share. The allotment was made to eligible investors in full compliance with relevant Indian regulations, including the Companies Act, 2013, FEMA, SEBI (ICDR) Regulations, and RBI's External Commercial Borrowings (ECB) Guidelines.
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About Kellton Tech Solutions Limited
Kellton is a global technology consulting and IT services company founded on the belief of exploring ‘Infinite Possibilities with Technology.’ Kellton helps businesses of all sizes, ranging from startups to SMEs and Fortune 500s, build disruptive digital solutions. With operations across the US, Europe, India, and the Asia Pacific and a global team of 1800+ employees, Kellton enables clients to use technology as their competitive advantage. Kellton has been placed four times on the Deloitte Technology Fast 50 India List and recognised by Forbes Asia as one of the Top 200 companies in their ‘Best Under a Billion’ List.
The company has a market cap of over Rs 1,100 crore. The stock is up by 38 per cent from its 52-week low of Rs 85.10 per share and a whopping 670 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.