Kellton Tech sets 1:5 split, approves FCCB share allotment
Kellton Tech Solutions, a leading IT consulting and software development company, recently made headlines in the Indian stock market by announcing a 1:5 stock split and approving the allotment of shares through Foreign Currency Convertible Bond (FCCB) conversion. This move is expected to have a significant impact on the company’s shareholders and the overall market.
As per the announcement, the company’s board of directors has approved a 1:5 stock split, which means that every five shares held by the investors will be consolidated into one share. The record date for the stock split has been set as July 25, 2025. This move is expected to increase the liquidity of the company’s shares and make them more attractive to investors.
In addition to the stock split, Kellton Tech has also approved the allotment of 11,26,580 shares through FCCB conversion. The shares were issued at a price of ₹106 per share, which has raised the company’s paid-up capital to ₹49.32 crore. The new shares will rank pari passu with the existing shares, meaning that they will have the same rights and privileges as the existing shares.
The FCCB conversion was a major boost for the company, as it allowed it to raise capital without diluting the ownership of its existing shareholders. The conversion of FCCB into equity shares is a common practice in the Indian corporate world, and it helps companies to raise funds for various purposes such as expansion, modernization, and repayment of debts.
Kellton Tech’s stock has been on a roll lately, with shares gaining 4.6% to ₹145.90. The company’s performance has been impressive, with its stock price increasing by over 5,500% in just five years. The stock has been a multibagger, meaning that it has given its investors a return of over 5,500% in a relatively short period.
The company’s success can be attributed to its strong fundamentals, including its robust revenue growth, healthy profit margins, and increasing market share. Kellton Tech has a diversified client base, with clients from various industries such as BFSI, healthcare, and manufacturing. The company’s services include IT consulting, software development, and digital transformation, which has helped it to stay ahead of the competition.
The stock split and FCCB conversion are expected to have a positive impact on Kellton Tech’s shareholders. The increased liquidity and reduced share price will make it easier for investors to buy and sell the company’s shares. The FCCB conversion will also help the company to raise more capital in the future, which will enable it to pursue its growth plans.
In conclusion, Kellton Tech’s announcement of a 1:5 stock split and approval of FCCB share allotment is a significant development in the Indian stock market. The move is expected to have a positive impact on the company’s shareholders and the overall market. The company’s strong fundamentals, including its robust revenue growth and healthy profit margins, make it an attractive investment option for investors.
