BAJAJ BROKING
General Atlantic intends to sell up to a 6.8% stake in KFin Technologies for a base size of ₹500 crore, with an option to increase to ₹833.3 crore. The floor price is set at ₹712.50 per share, a 4% discount.
Global private equity firm General Atlantic is set to divest up to a 6.8% stake in KFin Technologies, a tech-driven financial services firm, through an open market transaction on Thursday.
Explore: KFIN TECHNOLOGIES LIMITED
The base size of the stake sale comprises 70.17 lakh shares, representing 4.1% of the company's equity. There's an option to increase this to 1.17 crore shares, equivalent to 6.8% of the current equity.
The floor price for the stake sale is anticipated to be ₹712.50 per share, indicating a 4% discount from the prevailing market price of ₹742.10 per share. At this floor price, the base issue size is projected to be ₹500 crore, with the potential to reach ₹833.3 crore in an upsized scenario.
Following the transaction, General Atlantic will retain a 31.23% stake in KFin Technologies. Moreover, a mandatory 60-day lock-in period will apply after the sale.
Additional Read: Kfin Technologies Limited IPO Registrar
KFin Technologies reported a significant increase in profit after tax (PAT), reaching ₹74.5 crore for the quarter ending March 2024, marking a 30.6% growth compared to the same period in the preceding fiscal year.
Revenue from operations also surged by 25% to ₹228.34 crore. The company's board declared a dividend of ₹5.75 per equity share for the financial year 2023-24.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here https//bit.ly/3Tcsfuc
Share this article:
Standard Deviation: Meaning, How To Use and Calculate
14 Dec, 2024 | 5 Min. read
Business Forecasting: Definition, Methods, and Models
14 Dec, 2024 | 8 Min. read
Modern Portfolio Theory (MPT): Definition, Types & How To Use
14 Dec, 2024 | 8 Min. read
ASM & GSM Meaning - List of ASM & GSM Stocks
14 Dec, 2024 | 7 Min. read
Bollinger Bands: Meaning, How To Interpret and Use
14 Dec, 2024 | 7 Min. read
Hedging: Meaning, Types, Risks and Strategie
14 Dec, 2024 | 6 Min. read
Nifty Healthcare Index
14 Dec, 2024 | 1 Min. read
What Is Nifty BeES? A Guide to Its Benefits and Working
14 Dec, 2024 | 6 Min. read
Moving Averages Indicator: Variations & Examples
13 Dec, 2024 | 4 Min. read
Learn Everything About Breakout Trading
13 Dec, 2024 | 8 Min. read
Gold Price in India | Gold Drops 1% After Reaching Five-Week High
13 Dec, 2024 | 39 Min. read
Statement of Account and Demat Account: Meaning & Differences
13 Dec, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading