Multibagger stock Kellton Tech Solutions surged 6% in the trading session on Thursday, June 12, after the company said its board is slated to meet later this week to consider raising funds and a stock split. Kellton Tech’s board is slated to meet on Saturday, June 14.
“… 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.
