Speaking to CNBC-TV18, Niranjan Chintam, Founder & Chairman of the company says that the acquisition will help improve Kellton‘s capabilities and expand its customer reach.
Speaking to CNBC-TV18, Chintam said the company is looking at acquisitions to aid its growth. The acquisitions will be funded either via Qualified Institutional Placement (QIP) or by raising equity.
Kellton will pay USD 14 million for acquiring the US-based company over 3 years. The acquisition will be funded via equity and debt.