Kellton Tech Shares Climb on Strategic Acquisition News
Shares of Kellton Tech Solutions witnessed a significant uptick during Thursday's trading session, climbing more than 3% as investors showed strong buying interest. The small-cap stock reached an intraday peak of ₹19.91 per share on the BSE, marking a 3.16% increase from its previous closing level. This represented a notable recovery of 3.5% from the day's lowest trading point.
Strategic Move: Acquiring Kumori Technologies
The positive momentum in Kellton Tech Solutions share price follows the company's major announcement regarding its acquisition plans. The Board of Directors has given its approval for the complete acquisition of Kumori Technologies Services Private Limited, a specialized provider of ServiceNow services. This strategic move is valued at an aggregate consideration of up to ₹52.50 crore.
The acquisition will be executed through subscription to equity shares of Kumori Technologies, completed in one or multiple tranches. The initial payment of approximately ₹26.50 crore is scheduled to be finalized on or before the third quarter of fiscal year 2026. Subsequently, the company will pay an earn-out consideration of ₹26 crore, which will be determined by Kumori Technologies' performance over the three financial years following the initial acquisition, based on mutually agreed performance metrics.
Building Future-Ready Digital Enterprises
Upon finalizing this strategic investment, Kellton Tech Solutions will hold 100% of the paid-up share capital of Kumori, effectively making it a wholly-owned subsidiary of the company. This development was officially confirmed through a regulatory filing submitted on Thursday, November 27.
The acquisition represents a significant step in strengthening Kellton's global ServiceNow delivery capabilities and advancing its vision of creating integrated, intelligent automation ecosystems for enterprises worldwide. Karanjit Singh, CEO of Kellton, emphasized that "This acquisition marks a strategic step in our journey to build future-ready digital enterprises. The combined strengths of Kellton and Kumori will help enterprises move from fragmented tools to unified digital architectures powered by AI and automation."
Niranjan Chintam, Chairman of Kellton, added that this strategic move "advances our digital and AI vision and positions us to drive faster time-to-value and sustained operational excellence for our clients."
Company Profiles and Market Performance
Kellton Tech Solutions positions itself as an AI-led digital transformation and technology consulting company with extensive global delivery capabilities. Kumori Technologies, the acquisition target, operates as a ServiceNow Partner with specialized expertise in enterprise ServiceNow implementations that transform business operations.
The transaction saw Anreya Capital Advisors serving as the exclusive M&A advisor to Kumori Technologies.
Despite today's gains, Kellton Tech Solutions share price has demonstrated mixed performance across different time frames:
- Fallen 5% over the past month
- Declined 24% in three months
- Dropped 21% over six months
- Tanked 38% on a year-to-date basis
- Rallied 65% over three years
- Jumped 81% over five years
By 1:15 PM during Thursday's trading session, Kellton Tech Solutions share price was trading 0.57% higher at ₹19.41 per share on the BSE, indicating sustained investor interest following the acquisition announcement.
