Published By: Mohammad Haris
Last Updated: December 16, 2023, 13:30 IST
Private fairness agency General Atlantic on Friday divested a ten per cent stake in KFin Technologies for Rs 851 crore via an open market transaction. General Atlantic via its affiliate General Atlantic Singapore Fund Pte bought the shares of the corporate. The US-primarily based personal fairness agency is the promoter of KFin Technologies.
According to the majority deal knowledge out there with the BSE, General Atlantic Singapore Fund Pte offloaded 1,70,00,000 shares, amounting to a 9.98 per cent stake in KFin Technologies. The shares have been disposed of at a mean worth of Rs 500.50 apiece, taking the transaction worth to Rs 850.85 crore.
After the transaction, General Atlantic’s shareholding has declined to 39.14 per cent from 49.12 per cent fairness stake in KFin Technologies. ICICI Prudential Mutual Fund, ICICI Prudential Life Insurance, IIFL Securities, Societe Generale and Unifi Capital Pvt Ltd have been the consumers of the shares of KFin Technologies.
On Friday, shares of KFin Technologies plunged 4.29 per cent to shut at Rs 509 apiece on the NSE. In a separate bulk deal on the NSE, promoter entity Shapoorji Pallonji and Company divested a 2 per cent stake in Sterling and Wilson Renewable Energy for Rs 163 crore via an open market transaction.
Shapoorji Pallonji and Company offloaded 39,14,279 shares, amounting to a 2 per cent stake in Sterling and Wilson Renewable Energy, as per the info. The shares have been bought at a mean worth of Rs 415.46 apiece, taking the transaction deal to Rs 162.62 crore.
Meanwhile, Plutus Wealth Management acquired 25 lakh shares of the corporate at a mean worth of Rs 410 per piece, taking the deal worth to Rs 102.50 crore. Shares of Sterling and Wilson Renewable Energy rose 0.45 per cent to settle at Rs 426 apiece on the NSE.
