Kellton Tech Board Greenlights ₹160 Cr Rights Issue

Kellton Tech Solutions Limited's board of directors has given the green light to a rights issue, with the intention of raising funds not exceeding ₹160 crore. This decision was made during a board meeting held on Saturday, October 17, 2026.

The company plans to issue equity shares to eligible shareholders as of a determined record date. While the significant fundraising amount has been approved, the specific terms and conditions of this rights issue, including the issue price, entitlement ratio, and timing, are yet to be finalized and announced. The board has also approved the Draft Letter of Offer.

In response to the news regarding the upcoming rights issue, shares of Kellton Tech Solutions experienced a positive market reaction. On Friday, the stock price closed approximately 3% higher, settling at ₹12.47 per share on the National Stock Exchange (NSE). The company currently holds a market capitalization of around ₹660 crore.