Kellton Tech: Profit growth for FY16 10-11%, Weak Rupee Helps

Aug 31, 2015 posted by Kellton Tech Media Team

Niranjan Chintam, Chairman & Co-Founder, Kellton Technologies tells CNBC –TV 18 about the plans of reducing company debt by a QIP in November 2015. The company’s management plans to use USD 5 million of the raised USD 15 million for reducing debt burden and future acquisitions. He says, the depreciated value of rupees has helped the company thereby raising its expectations of profit growth up to 10 to 11% in 2015. 

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