Kellton Tech Solutions Ltd allots 350000 shares

The meeting of the Board of Directors of Kellton Tech Solutions Ltd held on January 28, 2015, resolved that pursuant to Section 39, 42 and 62 of the Companies Act, 2013 read with Companies (Share Capital and Debentures) Rules, 2014 and pursuant to the special resolution passed at the Extraordinary General Meeting of the Company held on April 22, 2014 and in principle approval received from BSE Limited, consent of the Board be and is hereby accorded to allot 3,50,000 (Three Lakhs Fifty Thousand) Equity Shares of Rs. 5 (Rupees Five) each, at a premium of Rs.10 (Rupees Ten) each, at cash, by converting 3,50,000 warrants to Mr. Venkata S Sekhara Reddy."

Shares of Kellton Tech Solutions Ltd. was last trading in BSE at Rs.32.7 as compared to the previous close of Rs. 33.05. The total number of shares traded during the day was 26875 in over 175 trades.

The stock hit an intraday high of Rs. 34.2 and intraday low of 31.4. The net turnover during the day was Rs. 866500.

Source : Equity Bulls

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