Kellton Tech Solutions Board Approves Rights Issue to Raise Up to ₹160 Crore

The board of directors of Kellton Tech Solutions approved raising funds through a rights issue of equity shares with an offer size not exceeding ₹160 crore.

The board approved the Draft Letter of Offer during its meeting on Saturday, with terms and conditions including the record date to be determined and announced later.

Kellton Tech Solutions shares closed approximately 3% higher at ₹12.47 on the National Stock Exchange following the announcement.