Kellton Tech Solutions zooms on inking MoU with E-Group ICT Software Zrt
Kellton Tech Solutions is currently trading at Rs. 26.70, up by 0.89 points or 3.45% from its previous closing of Rs. 25.81 on the BSE.
The scrip opened at Rs. 26.24 and has touched a high and low of Rs. 27.35 and Rs. 26.23 respectively. So far 386442 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.50 on 16-Dec-2024 and a 52 week low of Rs. 19.01 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 28.14 and Rs. 25.18 respectively. The current market cap of the company is Rs. 1378.32 crore.
The promoters holding in the company stood at 40.78%, while Institutions and Non-Institutions held 1.27% and 57.95% respectively.
Kellton Tech Solutions (Kellton) has signed of a Memorandum of Understanding (MoU) with Hungary-based E-Group ICT Software Zrt to collaborate on an AI Project under the EU - India Framework Agreement. As part of this MoU, Kellton will create capacity for AI services with the creation of a ‘AI Gigafactory’ where the organization will lend expertise in software development and technology support.
The collaboration will focus on building a sovereign, human-centric AI ecosystem that combines Europe’s emphasis on sovereignty and trusted innovation with India’s technology expertise and delivery capacity. Anchored in E-Group’s Budapest Initiative, the AI collaboration aims to deliver an integrated framework for AI, data processing, and cloud infrastructure that prioritizes transparency, security, and long-term resilience.
The MoU between Kellton and E-Group ICT Software Zrt underscores the alignment between Europe’s vision for sovereign AI and India’s strength in innovation and technology delivery, setting a benchmark for cross-regional cooperation in building the next generation of AI ecosystems.
Kellton Tech Solutions is global company and offers services in digital transformation, ERP and other IT services.
