KELLTONTEC

lton Tech Board approves fundraising via FCCB & QIP, increases share capital

The announcement details fundraising plans and expansion through a new subsidiary, suggesting positive growth prospects. Impact Assessment: Fundraising and increased authorized share capital typically have a moderate impact on the company's financial position and future strategies. Kellton Tech's board approved raising funds via Foreign Currency Convertible Bonds (FCCBs) on a private placement basis, not exceeding USD 50 Million (₹ 416.14 Crore).