Kellton Tech Solutions Ltd approves allotment of 78 lakh warrants

The Board of Directors of Kellton Tech Solutions Ltd at its meeting held on June 30, 2014, has approved the allotment of 78,00,000 Share Warrants. The Board allotted 78,00,000 (Seventy Eight Lakhs) Warrants of Rs.15 (Rupees Fifteen) each, convertible into Equity Shares of Rs. 5 (Rupees Five) each, at a premium of Rs. 10 (Rupees Ten) each, per Warrant to Promoters and Other than Promoters on preferential basis.

The Board allotted 58,98,444 (Fifty Eight Lacs Ninety Eight Thousand Four Hundred and Forty Four) Equity Shares of Rs. 5 (Rupees Five) each, at a premium of Rs. 10 (Rupees Ten) each, at cash, by converting 58,98,444 Warrants to following applicants, from whom the entire share application money of Rs. 15 (Rupees Fifteen) each, was received by the Company, as on the date of allotment.

Shares of Kellton Tech Solutions Ltd. was last trading in BSE at Rs.8.32 as compared to the previous close of Rs. 8.45. The total number of shares traded during the day was 2754 in over 38 trades.

The stock hit an intraday high of Rs. 9.5 and intraday low of 8. The net turnover during the day was Rs. 23682.

Source : Equity Bulls

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