Kellton Tech to Consider Foreign Currency Convertible Bonds Conversion 4 days ago
Kellton Tech Solutions Ltd has scheduled a board meeting for July 4 to discuss and potentially approve the conversion of Foreign Currency Convertible Bonds (FCCBs) into equity shares. This decision could impact the company's capital structure, potentially reducing debt and affecting shareholding patterns. The conversion, if approved, may lead to debt reduction and possible equity dilution for existing shareholders.
Kellton Tech to Consider Stock Split and Fund Raising Options Jun 11, 2025
Kellton Tech Solutions has approved the issuance of $10 million in Foreign Currency Convertible Bonds (FCCBs) with a 6.50% interest rate, maturing in 2035. The bonds have a regulatory floor price of Rs.107.00. This move aims to attract international investors and provide flexible financing for the company's growth initiatives. The market responded positively, with Kellton Tech's share price rising over 2% to Rs.112.30.
10Mar 25
Kellton Tech Expands Microsoft Ecosystem Presence with 80% Stake in US-Based Xitij Corp
Kellton Tech Solutions Ltd has acquired an 80% stake in US-based Xitij Corp for $350,000. This strategic move aims to strengthen Kellton Tech's position in the Microsoft ecosystem, expand its US presence, and enhance its Microsoft-related service offerings. The acquisition is expected to boost Kellton Tech's competitiveness in the global IT services market and provide access to new clients and projects in the US.