Kellton Tech Solutions Limited has informed the Exchange regarding 'Intimation about Closure of FCCBs Issue'.
KELLTONTEC · price
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Kellton Tech Solutions has successfully closed its Foreign Currency Convertible Bond (FCCB) Issue as of May 20, 2025. The company raised USD 10 million through this offering. This is a continuation of the earlier communication dated May 16, 2025, which informed about the opening of the FCCB Issue for subscription. The intimation was filed under SEBI Listing Regulations as a material update.
The successful closure of the FCCB Issue and raising of USD 10 million strengthens the company's foreign currency funding base, though FCCBs may lead to dilution upon conversion. Shareholders should monitor the conversion terms and potential equity impact.