General Atlantic likely to sell 6.9% stake in KFin Tech for Rs 1,209.5 crore via block deals

General Atlantic likely to sell 6.9% stake in KFin Tech for Rs 1,209.5 crore via block deals

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General Atlantic Singapore Fund Pte. Ltd. is likely to sell 6.9 percent equity in KFin Technologies through block deals, as per a termsheet seen by Moneycontrol on May 12. As many as 1.18 crore shares are expected to change hands at a floor price of Rs 1,025 per share, which is around 8.3 percent discount to Monday's closing.

The offer size is Rs 1,209.5 crore. General Atlantic Singapore Fund Pte. is the foreign promoter in the KFin Technologies Ltd with 31.98 percent share holding as on quarter ending March 2025, showed exchange data.

For Q4FY25, KFintech reported a 24% YoY revenue growth, driven by solid performances in issuer solutions and domestic mutual fund businesses. Profit after tax rose 14% YoY, with EBITDA margins remaining healthy at 43%, despite ongoing investments in platform integration and international growth.

Jefferies sets INR 1,460 target for KFintech, highlights International expansion and strategic partnerships

The company works as the registrar and transfer agents for mutual funds, PMS-AIFs and IPOs. It also provides recordkeeping services to many corporations and the National Pension System along with technology solutions to players in the financial industry.

Shares of KFin Technologies Ltd settled nearly 5 percent higher in Monday's trading session to quote at Rs 1,117 per share on the NSE, up 4.84 percent.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.