General Atlantic sells 10% stake in KFin Technologies for Rs 851 crore
General Atlantic sold a nearly 10% stake in KFin Technologies through the open market on Friday, making a profit of Rs 851 crore.
The private equity major sold 1,70,00,000 shares of the company at Rs 500.25 apiece, according to bulk deals data.
Shares of KFin Technologies ended 3.2% down at Rs 514.75 on the NSE.
General Atlantic is a part of the promoter group, and held 49.12% stake in KFin Technologies, through entities – General Atlantic Singapore Fund Pte and General Atlantic Singapore KFT Pte Ltd.
The stock, which got listed in December last year, has given more than 54% returns so far in 2023.
General Atlantic had sold partial stake in the company during its initial public offering.
Through separate deals, ICICI Prudential Life Insurance Co, ICICI Prudential Mutual Fund, IIFL Securities, Societe Generale and Unifi Capital have bought shares of KFin Technologies.
ICICI Prudential MF bought 13,77,842 shares for around Rs 69 crore, while Societe Generale acquired 22,64,000 shares for Rs 113 crore. Unifi Capital bought 25,00,000 shares of KFin Tech for Rs 125 crore.
