Home / Business and Economy / General Atlantic Sells KFin Tech Stake for ₹1400 Cr
General Atlantic Sells KFin Tech Stake for ₹1400 Cr
21 Aug
Summary
- General Atlantic sold an 8.75% stake in KFin Technologies for ₹1,400 crore.
- The sale reduced General Atlantic's ownership to 13.14% from 21.89%.
- Mutual funds, insurers, and global investors were among the buyers.
General Atlantic has sold an 8.75% stake in KFin Technologies through a block deal, raising nearly ₹1,400 crore. The transaction, executed by General Atlantic Singapore Fund Pte Ltd, involved the disposal of over 1.51 crore equity shares at an average price of ₹925 per share. This sale has decreased General Atlantic's ownership in the financial services platform to 13.14% from its previous holding of 21.89%.
Several domestic institutional investors, including prominent mutual funds like Invesco MF and Kotak Mahindra MF, along with insurers such as ICICI Lombard, participated as buyers. Global investment firms, including Morgan Stanley and Citigroup, also acquired shares in the transaction. KFin Technologies, which provides services to asset managers, saw its shares close at ₹961 on the NSE following the deal.
This is not the first time General Atlantic has reduced its stake in KFin Technologies. The firm had previously divested a 10% stake in May 2025 for ₹1,790 crore and a 5.8% stake in May 2024 for ₹712 crore. KFin Technologies went public in December 2022 through an offer-for-sale IPO, raising ₹1,500 crore.
