Latest news with #Rupees
Mint
a day ago
- Business
- Mint
Multibagger small-cap stock declares issue price for ₹69.30 crore fundraise via issuance of warrants
Stock Market Today: Multibagger small-cap stock declares issue price for ₹ 69.30 crore fundraise via issuance of warrants. Check details about Kellton Tech Solutions Limited Multibagger small-cap stock Kellton Tech Solutions, announcing the outcome of the board meeting on the exchanges on 18 June, gave the issue price details for the ₹ 69.30 crore fundraise via issuance of warrants. Kellton Tech Solutions, in its release on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange, said that the issue price for the ₹ 69.30 crore fundraise via issuance of warrants stood at ₹ 126. The board of directors of Kellton Tech Solutions on 11 June 2025 had considered and approved raising funds through the issue and allotment of up to 5,500,000 (fifty-five lakhs) warrants. The issued funds will be convertible into 1 (one) equity share of face value of ₹ 05/- (rupees five only) each. The approved raising of funds through the issue and allotment of warrants by Kellton Tech Solutions is to certain promoter and non-promoter investors on a preferential basis. The fundraising through warrants is at an issue price of ₹ 126/- (Rupees One Hundred Twenty-Six Only), including a premium of ₹ 121/- (Rupees One Hundred Twenty-One) per warrant, clarified Kellton Tech Solutions on 18 June 2025, through its release. The fundraiser will be aggregating up to maximum amount of ₹ 69,30,00,000/- (Rupees Sixty-Nine Crore Thirty Lakh only), subject to the approval of regulatory and statutory authorities and the Members of the Company at the ensuing Extraordinary General Meeting. Multibagger small-cap stock Kellton Tech Solutions Ltd. also announced the recommendation by its board for a stock split in the ratio of 1:5, following a board meeting held on June 14, 2025. The sub-division will split each fully paid-up equity share with a face value of ₹ 5 into 5 equity shares with a face value of ₹ 1. The same will be taken up at the AGM, and an ordinary resolution is to be passed at the upcoming Extraordinary General Meeting (EGM) to change the company's share capital by dividing each existing equity share with a face value of ₹ 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares with a face value of ₹ 1/- (Rupee One only) each, fully paid-up, as has been considered, approved, and recommended to the shareholders.
Mint
a day ago
- Business
- Mint
Multibagger small-cap stock declares issue price for ₹69.30 crore fundraise via issuance of warrants
Stock Market Today: Multibagger small-cap stock declares issue price for ₹ 69.30 crore fundraise via issuance of warrants. Check details about Kellton Tech Solutions Limited Multibagger small-cap stock Kellton Tech Solutions, announcing the outcome of the board meeting on the exchanges on 18 June, gave the issue price details for the ₹ 69.30 crore fundraise via issuance of warrants. Kellton Tech Solutions, in its release on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange, said that the issue price for the ₹ 69.30 crore fundraise via issuance of warrants stood at ₹ 126. The board of directors of Kellton Tech Solutions on 11 June 2025 had considered and approved raising funds through the issue and allotment of up to 5,500,000 (fifty-five lakhs) warrants. The issued funds will be convertible into 1 (one) equity share of face value of ₹ 05/- (rupees five only) each. The approved raising of funds through the issue and allotment of warrants by Kellton Tech Solutions is to certain promoter and non-promoter investors on a preferential basis. The fundraising through warrants is at an issue price of ₹ 126/- (Rupees One Hundred Twenty-Six Only), including a premium of ₹ 121/- (Rupees One Hundred Twenty-One) per warrant, clarified Kellton Tech Solutions on 18 June 2025, through its release. The fundraiser will be aggregating up to maximum amount of ₹ 69,30,00,000/- (Rupees Sixty-Nine Crore Thirty Lakh only), subject to the approval of regulatory and statutory authorities and the Members of the Company at the ensuing Extraordinary General Meeting. Multibagger small-cap stock Kellton Tech Solutions Ltd. also announced the recommendation by its board for a stock split in the ratio of 1:5, following a board meeting held on June 14, 2025. The sub-division will split each fully paid-up equity share with a face value of ₹ 5 into 5 equity shares with a face value of ₹ 1. The same will be taken up at the AGM, and an ordinary resolution is to be passed at the upcoming Extraordinary General Meeting (EGM) to change the company's share capital by dividing each existing equity share with a face value of ₹ 5/- (Rupees Five only) each, fully paid-up, into 5 (Five) equity shares with a face value of ₹ 1/- (Rupee One only) each, fully paid-up, as has been considered, approved, and recommended to the shareholders. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Indian Express
2 days ago
- Indian Express
Delhi fish trader abducted for Rs 1 cr ransom; TMC workers among 3 held
A Delhi-based fish trader, Nazim Chauhan, was allegedly kidnapped for a ransom of Rs 1 crore on Tuesday from Shasan in North 24 Parganas district. Chauhan was, however, rescued within hours due to the prompt actions of an app cab driver. The police have arrested three individuals, including a local TMC block level leader. Chauhan had landed at Kolkata airport on Tuesday and booked an app cab to Basirhat. While crossing Sandaliya under the Shasan police station, he asked the driver to stop briefly. 'As Chauhan stepped out, an SUV pulled up, and he was forcibly taken away towards Charghat, near the India-Bangladesh border at Ghojadanga in Basirhat,' said a Barasat district police official. The cab driver, Mohammed Miraz, immediately alerted Shasan police. Using the trader's phone number given by Miraz, officers tracked Chauhan's location and launched a swift operation and he was rescued from Charghat during a late-night raid. Three men — Samad Mondal, the Charghat panchayat president, Sajjan Alam, Jamal Uddin — were arrested, said police. Sources said Samad is a local TMC leader, Sajjan's wife is a panchayat member, Jamal is a TMC supporter. Probe revealed Chauhan was running a hatchery business with Basirhat-based Raju alias Jasimuddin Mandal. A financial dispute had strained their partnership and Chauhan had flown to Kolkata to resolve the issue. Raju received him at the airport and on their way, during a halt both were dragged into another car. Later, Chauhan's family received a ransom call of Rupees 1 crore.
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Business Standard
2 days ago
- Business
- Business Standard
EMS share price pops 2% on emerging lowest bidder for project worth ₹184 cr
EMS share price: EMS shares were buzzing in trade on Wednesday, June 18, 2025, with the scrip rising up to 1.79 per cent to hit an intraday high of 610 per share. At 10:05 AM, EMS shares were trading 0.63 per cent higher at 603 per share. In comparison, BSE Sensex was trading 0.16 per cent higher at 81,709.79 levels. Why did EMS share price rise in trade today? EMS share price rose after the company announced that it has emerged as lowest bidder (L-1) for a project from UP Jal Nigam (Urban). In an exchange filing, EMS said, 'We are pleased to inform you that EMS Limited has received the lowest bidder (L-1) status awarded by UP Jal Nigam (Urban). The estimated order value (excluding GST) is approximately Rs. 18381.49 lakhs (Rupees Eighteen Thousand Three Hundred Eighty-one lakhs and Forty-Nine Thousand only).' The order value (excluding GST) is Rs 18381.49 lakh (or Rs 183.81 crore). Under the terms of the order, EMS will be responsible for the construction of various components for Fatehpur Sewerage and sewage treatment scheme Zone-1 District Fatehpur. EMS is expected to execute the contract in 24 months. Catch Stock Market LIVE Updates About EMS EMS Limited, established in 1998 and headquartered in Delhi, is a multi-disciplinary Engineering, Procurement, and Construction (EPC) company with a strong focus on water and wastewater management. The company specialises in delivering turnkey infrastructure solutions, covering all aspects from engineering and design to construction and installation. EMS plays a crucial role in developing essential infrastructure such as water treatment plants, sewage treatment facilities, water transmission and distribution networks, and underground drainage systems. With a strong commitment to sustainable development, EMS integrates modern technologies and eco-friendly practices into its operations. Its projects are geared toward promoting a cleaner and greener environment by addressing critical issues in water conservation and waste management. Through its EPC services, the company contributes to building resilient urban infrastructure while supporting environmental sustainability across India.
Business Recorder
4 days ago
- Business
- Business Recorder
Punjab unveils Rs5.335trn budget
LAHORE: Punjab Finance Minister Mujtaba Shuja-ur-Rehman presented the Punjab budget for the financial year 2025-26 in the assembly session on Monday, outlining a total outlay of Rs 5,335 billion. The budget reflects significant allocations for development, social welfare, and infrastructure, marking, what the minister described as, a 'strategic shift' in Punjab's history. The provincial government has allocated Rs 2,706.5 billion for non-development expenditures, including pensions and salaries, reflecting a 6% increase from the previous year. Additionally, Rs 590 billion has been budgeted under current capital expenditure. Despite opposition lawmakers disrupting the session by protesting near Chief Minister Maryam Nawaz's seat and labeling the budget as 'unrealistic', the finance minister proceeded with his speech, detailing sector-wise allocations. Shuja-ur-Rehman began by acknowledging the political and military leadership for safeguarding national interests during recent tensions with India. He emphasized the government's commitment to economic stability, noting a 94% reduction in internal debt servicing and an 88% decrease in estimated expenditures under Account-II (Food) compared to the current fiscal year. A substantial portion of the budget, Rs 1,240 billion (23% of the total outlay), has been allocated for development programs, representing a 47% increase from the previous year's Rs 842 billion. The social sector, including health and education, remains a top priority, receiving Rs 494 billion (40% of the Annual Development Program). Revenue collection for 2025-26 is estimated at Rs 4,890.4 billion, with Punjab expected to receive Rs 4,062.2 billion from the federal divisible pool under the National Finance Commission (NFC). Provincial receipts are projected at Rs 828.2 billion, with the Punjab Revenue Authority (PRA) tasked with collecting Rs 340 billion, the Board of Revenue Rs 135.5 billion, and the excise department Rs 70 billion. The budget also incorporates Rs 470 billion under the federal government's agreement with the IMF, contingent on the Federal Board of Revenue (FBR) meeting its targets. The government has allocated Rs 148 billion for education development, a 127% increase from the previous year. Initiatives include Rs 15 billion for student scholarships, Rs 40 billion for missing facilities in schools, Rs 5 billion to reduce dropout rates, and Rs 5 billion for centers of excellence in 36 districts. Additionally, Rs 3 billion has been earmarked for the Nawaz Sharif Center of Excellence in 10 divisions while Rs 35 billion will support the Punjab Education Foundation for private-sector collaboration. The health sector receives Rs 181 billion, a 131% increase, with Rs 72 billion allocated for the Nawaz Sharif Institute of Cancer Treatment and Research in Lahore. Rupees 123 billion have been set aside for agriculture, livestock, and irrigation, alongside Rs 795 billion for climate resilient projects - a first in Punjab's history. This includes Rs 277.4 billion for climate adaptation, Rs 371.7 billion for mitigation, and Rs 146 billion for environmental protection capacity-building. Rupees 336 billion (27% of the development budget) will fund infrastructure projects, while Rs 85 billion supports Chief Minister Maryam Nawaz's T-30 transport vision. Seed money of Rs 1 billion has been allocated for a feasibility study on Punjab's first public-private airline, and Rs 2 billion will initiate regional railway tracks in collaboration with the federal government. The energy sector receives Rs 7.5 billion, including Rs 600 million for a bio-fertilizer plant in Gujjar Colony and Rs 8 billion for solarizing courts, schools, and hospitals. Social protection programs are allocated Rs 31.4 billion, while Rs 11.6 billion will promote information, culture, and the film industry. The finance minister announced a 10% salary increase for government employees from Grade 1 to 22 and raised the minimum wage from Rs 37,000 to Rs 40,000. Additional allocations include Rs 400 million for the Housing Foundation and Rs 1 billion for the Journalist Endowment Fund. Shuja-ur-Rehman concluded by highlighting the completion of 6,104 projects in the current fiscal year and reaffirmed the government's commitment to sustainable development and economic growth. This budget, he stated, represents the highest-ever development expenditure in Punjab's history, setting a new benchmark for progress. Copyright Business Recorder, 2025
