General Atlantic sells 8.75% stake in KFin Technologies for ₹1,400 crore
The transaction saw several domestic and global institutional investors participate, while the company’s shares ended higher on Thursday.
Private equity firm General Atlantic sold an 8.75% stake in KFin Technologies for Rs 1,400 crore through an open market transaction on Thursday. The divestment was executed by General Atlantic Singapore Fund Pte Ltd, with the sale of over 1.51 crore equity shares. The average price per share was Rs 925, resulting in a deal size of Rs 1,399.99 crore.
Post-transaction, General Atlantic's stake in KFin Technologies reduced from 21.89% to 13.14%. Various domestic institutional investors, including several mutual funds and insurance companies, as well as global players like Morgan Stanley, Citigroup, and Societe Generale, participated in the deal. KFin Technologies, a Mumbai-based financial services platform listed in December 2022, raised Rs 1,500 crore through its IPO, which was entirely an offer for sale by General Atlantic.
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