General Atlantic is likely to sell up to a 6.8% stake in KFin Technologies on Thursday through an open market transaction, according to a term sheet issued by IIFL.
The base size of the sale is 70.17 lakh shares, constituting 4.1% of the company, with an option to increase to 1.17 crore shares or 6.8% of today's equity.
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-110547694»>
The floor price for the stake sale is likely to be ₹712.50 per share, a 4% discount from the current market price of ₹742.10 per share. At the floor price, the base issue size is likely to be ₹500 crore, and the upsized value is ₹833.3 crore.
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-110547694»> <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-110547694»>
(You can now subscribe to our ETMarkets WhatsApp channel)
Read more on economictimes.indiatimes.com