Kellton Tech to issue 55 lakh warrants, partner E-Group on AI
Kellton Tech's Board approved issuing 55 lakh convertible warrants via a preferential allotment, each convertible into one equity share. Investors pay 25% upfront, with the rest due upon conversion within 18 months. Additionally, Kellton Tech is partnering with Hungary-based E-Group to create a "sovereign AI ecosystem" under the EU-India Framework Agreement, aiming to build an AI Gigafactory.