Kotak Mahindra Bank to acquire 9.98% stake in KFin Tech for Rs 310 cr

KFin Technologies provides technology solutions across a broad spectrum of asset classes spanning mutual funds, alternative investment funds and pension funds

Private sector lender Kotak Mahindra Bank on Monday announced that it would acquire a 9.98 per cent stake in KFin Technologies for Rs 310 crore. 

In an exchange filing, the bank said: “.. Kotak Mahindra Bank Limited has agreed to subscribe to 16.7 million equity shares in KFin Technologies Private Limited for a consideration of approximately Rs 310 crore, translating into an equity shareholding of 9.98 per cent on September 19, 2021. The transaction is subject to customary closing conditions”. 

KFin Technologies provides technology solutions across a broad spectrum of asset classes, spanning mutual funds, alternatives, and pensions. It provides registrar and