Kellton Tech Solutions moves up as its arm gets nod to form joint venture with AEC
Kellton Tech Solutions is currently trading at Rs. 15.38, up by 0.10 points or 0.65% from its previous closing of Rs. 15.28 on the BSE.
The scrip opened at Rs. 15.47 and has touched a high and low of Rs. 15.80 and Rs. 15.34 respectively. So far 65351 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 33.10 on 25-Jul-2025 and a 52 week low of Rs. 13.10 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 15.91 and Rs. 15.09 respectively. The current market cap of the company is Rs. 811.76 crore.
The promoters holding in the company stood at 37.67%, while Institutions and Non-Institutions held 1.04% and 61.29% respectively.
Kellton Tech Solutions’ wholly owned subsidiary -- Kellton Tech EU has received approval for the formation of a Joint Venture with Action Energy Company K.S.C.P. (AEC), Kuwait, subject to completion of applicable statutory and regulatory requirements. The Joint Venture will be incorporated with AEC holding 51% of the equity share capital and Kellton Tech EU holding the remaining 49%. The Joint Venture shall initially be established for a period of five years, with automatic renewal for successive periods of three years, unless otherwise agreed by the parties.
The Joint Venture proposes to undertake business across the Gulf Cooperation Council (GCC) region, with the initial office proposed to be established in Doha. The Joint Venture Agreement is expected to be executed upon completion of customary conditions precedent and applicable regulatory compliances of GCC Region.
The Board of Directors of Kellton Tech EU, at its meeting held on July 06, 2026, has approved the same.
