800% rally in five years! Multibagger stock jumps over 6% after THIS announcement
'… to consider and if thought fit, approve the proposal of raising of funds by issuance of equity shares/convertible bonds/debentures/warrants/preference shares/any other equity linked securities ('Securities') through permissible modes including by way of a private placement, preferential issue or qualified institutions placement of Securities or any other method as may be permitted under applicable laws,' the small-cap company said.
It added that its board will also consider the proposal of alteration of the share capital of the company by sub-division/split of existing equity shares of face value of ₹ 5/- each.
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India's net direct tax receipts down 1.3%, corporate taxes slip 3.7%
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Multibagger small-cap stock Kellton Tech Solutions will likely hog the limelight when the Indian stock market resumes trading on Monday, July 7, following an update by the company regarding the allotment of shares against the foreign currency convertible bonds (FCBs) issued by the company. Kellton Tech Solutions, in an exchange filing on Friday post-market trading hours, said that its Security Issuance Committee at its meeting approved the allotment of 11,26,580 shares against the conversion of FCCBs. "Members of the Security Issuance Committee (hereinafter referred as 'SIC') of the Company at their meeting held today i.e. July 04, 2025, has approved the allotment of 11,26,580 (Eleven Lakh, Twenty Six Thousand, Five Hundred and Eighty) Equity shares of face value of ₹ 5/- each (fully paid-up) against the conversion of Foreign Currency Convertible Bonds (FCCBs) Issued by the of the Company," the small-cap company said in a filing. These shares were issued at a price of ₹ 106 per share, and will be listed on the BSE and the National Stock Exchange (NSE), it further said. The small-cap stock also clarified that the shares allotted are identical in all respects to the existing equity shares of the Company and shall rank pari passu with them from the date of allotment. "Consequent to the aforesaid allotment of 11,26,580 equity shares of ₹ 5/- each pursuant to the partial conversion of FCCBs, the paid-up equity share capital of the company has increased from ₹ 48,75,69,670/- comprising 9,75,13,934 equity shares of ₹ 5/- each fully paid-up to ₹ 49,32,02,570/- comprising 9,86,40,514 equity shares of ₹ 5/- each fully paid-up," Kellton Tech Solutions said in a filing. Kellton Tech Solutions share price ended the day ahead of the announcement in the green, rising 4.82% to end at ₹ 134.90. The IT services company, having a market capitalisation of ₹ 1,315 crore, has seen its share rise 24% in just three months. In the last one year, the small-cap stock is up 21%. However, on a year-to-date basis, it has lost 14%. Yet, over the longer time frame of five and 10 years, the small-cap stock has emerged as a multibagger bet, with the scrip gaining 796% in the last five years and 309% in the past 10 years. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
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- Mint
Multibagger stock Kellton Tech Solutions jumps over 5% despite stock market sell-off
Stock Market Today: Multibagger stock Kellton Tech Solutions gained over 5% during intraday trades on Friday. The gains for the despite the stock market sell-off. Check Kellton Tech Solutions business updates Multibagger stock Kellton Tech Solutions recently intimated to the exchanges about the Meeting of the Security Issuance Committee. As per its release by Kelton Tech Solutions on the BSE Ltd, or the Bombay Stock Exchange, or the BSE and the National Stock Exchange of India, the meeting of the Security Issuance Committee of the Board of Directors of Kellton Tech Solutions Limited is scheduled to be held on Friday, July 04, 2025. The meeting of the Security Issuance Committee of the Board of Directors of Kellton Tech Solutions Limited being held today, i.e., Friday, July 04, 2025, as per the company, will consider and approve the conversion of Foreign Currency Convertible Bonds (FCCBs) into equity shares of the company and discuss associated matters in continuation of the earlier fund-raising approved and allotted by the committee. The Kellton Tech solutions recently had also rewarded its shareholders by way of recommending for the subdivision and split of each existing equity share of the Company having a face value of ₹ 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares having a face value of ₹ 1/- (Rupee One only) each, fully paid-up. Kellton Tech Solutions share price opened at ₹ 129.85 on the BSE on Friday. At the time of opening, the multibagger stock Kellton Tech Solutions share price was up almost 1% compared to the previous day's closing price of ₹ 128.70 and on a day when the Indian share market remained weak. The Kellton Tech Solutions share price thereafter during the intraday trades gained further to intraday highs of ₹ 137.90, which meant gains of more than 7%. The Kellton Tech Solutions share price has risen more than 800% in the last five years and hence given multibagger returns to the investors. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
