Archive · 15 Jun 2025
Kellton Tech Announces Stock Split and Fundraise After Significant Rise
Kellton Tech, a tech company, is splitting its stock to make it easier to buy.
They're also selling special options called warrants to raise money, which can later be turned into more shares.
This should make the stock more attractive to investors.
The company believes these moves will help them grow and expand their business, pending shareholder approval.
Kellton Tech Solutions announced a 1:5 stock split to enhance liquidity.
The company plans to raise ₹69.3 crore through convertible warrants.
Each ₹5 share will be divided into five ₹1 shares, pending shareholder approval.
Promoter and non-promoter investors will increase stakes via warrant conversion.
Analysts see these moves as strategic for marketability and expansion.
- Who
- Kellton Tech Solutions, a small-cap IT services firm.
- What
- Kellton Tech announced a stock split and a fundraise via warrants.
- When
- The Extraordinary General Meeting is scheduled for July 11, 2025.
- Where
- N/A
- Why
- To enhance equity share liquidity and encourage broader investor participation and drive expansion.
- Stock Split Ratio
- 1:5
- Fundraise Amount
- ₹69.3 crore
- Warrant Price
- ₹126 per warrant
- Existing Share Capital
- ₹60 crore
- Promoter Stake Increase (post conversion)
- From 35.74% to 38.20%