The floor price for conversion has been determined in accordance with the FCCB Scheme, using May 14, 2025, as the relevant date for pricing calculations.
Mumbai: Shares of Kellton Tech Solutions are in focus today as the company has now announced the opening date of the issuance of foreign currency convertible bonds (FCCBs). The company has announced that it will raise capital through 6.5 per cent FCCBs maturing in 2035. The company has announced the issuance of FCCBs worth USD 10 million, with a floor price set at Rs 106 per equity share.
Now the company has announced that the security issuance committee of the board of directors has approved May 16, 2025, as the date of issuance for the FCCBs.
“Issuance of U.S. $ 10,000,000 6.50% senior unsecured foreign currency convertible bonds due 2035 of Kellton Tech Solutions Limited (“FCCBs”),” the company had said in an exchange filing.
The FCCBs will be issued internationally and are structured as 6.5 percent senior unsecured bonds with a maturity period extending to 10 years and 1 month from the date of full payment.
The floor price for conversion has been determined in accordance with the FCCB Scheme, using May 14, 2025, as the relevant date for pricing calculations.
Benchmark indices Sensex and Nifty declined in early trade on Thursday dragged down by blue-chip bank stocks and weak trends in Asian markets.
The 30-share BSE benchmark gauge Sensex declined 106.78 points to 81,223.78 in early trade. The NSE Nifty dipped 38.45 points to 24,628.45.
Later, the BSE benchmark traded 247.22 points lower at 81,082.80, and the Nifty quoted 67.15 points down at 24,599.75.
From the Sensex firms, Power Grid, IndusInd Bank, Axis Bank, Sun Pharma, Infosys, Mahindra & Mahindra, Kotak Mahindra Bank and HDFC Bank were the major laggards.
Tata Motors, Adani Ports, Tata Steel, Tech Mahindra and UltraTech Cement were the gainers.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng were trading lower.
