General Atlantic has divested around 10 per cent stake in KFin Technologies for Rs 851 crore through an open market transaction. General Atlantic through its affiliate General Atlantic Singapore Fund Pte sold the shares of the company. The US-based private equity firm is the promoter of KFin Technologies.
General Atlantic Singapore Fund Pte has offloaded 1,70,00,000 shares, amounting to a 9.98 per cent stake in KFin Technologies. The shares were disposed of at an average price of Rs 500.50 apiece.
KFin Technologies provides services and solutions to intermediaries operating in the capital market ecosystem such as mutual funds (MF), alternative investment funds and wealth management firms.
