Kellton hits 5% upper circuit on board nod for shares allotment

Moneycontrol Bureau

Shares of Kellton Tech Solutions are locked at 5 percent upper circuit at Rs 208.10 on Tuesday on getting board approval for allotment of shares.

"Board of directors on Monday approved allotment of 30 lakh equity shares pursuant to conversion of 30 lakh warrants to persons belonging to promoter group and non-promoter group," says the IT services provider.

Meanwhile, to gain foothold in Europe, the company in December announced its expansion with a new office in Ireland. It would provide services in areas of ISMAC (internet of things, social, mobile, analytics, cloud), ERP-EAI (enterprise resource planning & enterprise application integration) among its wide range of IT services.