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Kellton Tech board approves $10 mn FCCBs at 6.5%
short by / on Tuesday, 13 May, 2025
Kellton Tech Solutions's board has officially sanctioned the issuance of $10 million in 6.50% senior unsecured FCCBs maturing in 2035. This decision follows prior approvals from both company's shareholders and BSE & NSE. The offering circular was also approved, and the 'Relevant Date' for the FCCB issue is set as today, May 13, establishing a conversion floor price of ₹107.00.