Introduction:
Leading investor and issuer solutions provider has signed a definitive agreement to acquire a 51% stake in Ascent Fund Services, marking a strategic entry into the rapidly growing global fund administration market.
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Share price movement of KFin Technologies:
On April 17, 2025, KFin Technologies Ltd opened at ₹1,072.00, up 1.75% from its previous close of ₹1,053.60. The stock reached a high of ₹1,145.00 (8.68%) and a low of ₹1,066.80. By 11:18 AM, it traded at ₹1,133.30, a 7.56% increase, with a market cap of ₹19,500.48 crore.
KFintech to Acquire 51% Stake in Ascent Fund Services:
KFin Technologies Limited has signed a definitive agreement to acquire a 51% controlling stake in Ascent Fund Services Pte. Ltd. for US$ 34.7 million, with a path to full ownership.
This acquisition enables KFintech to enter the fast-growing global fund administration market, valued at over US$12 billion annually. KFintech will become Ascent’s sole promoter, with plans to acquire the remaining 49% in tranches.
Headquartered in Singapore, Ascent serves 260 alternative asset managers across 18 geographies with US$ 24 billion assets under administration. Its experienced team and global licenses offer KFintech scaled international market access.
Stock performance of KFin Technologies for Period of 1 week, 6 months, and 1 year:
KFin Technologies Ltd delivered a 2.58% return over the past week, but declined by 1.25% in the past six months. The stock gained 70.1% over the past year.
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Shareholding pattern of KFin Technologies:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 33.00% | 33.00% | 33.10% |
| FII | 25.40% | 24.60% | 22.80% |
| DII | 19.40% | 20.60% | 21.50% |
| Public | 22.20% | 21.70% | 22.70% |
About KFin Technologies:
KFin Technologies Limited (NSE: KFINTECH) is a leading tech-driven financial services platform, offering investor and issuer solutions across India and international markets including Malaysia, Singapore, and Canada.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
