General Atlantic sells 10% stake in KFin Tech for Rs.1,790-Cr

Private Equity firm General Atlantic, promoter entity of Mumbai-based KFin Technologies , has sold a 10% stake in the financial services platform for INR 1,790 crore through open market transactions.General Atlantic, through its arm General Atlantic Singapore Fund Pte, has sold 1.72 crore shares in KFin in two separate tranches. The shares were offloaded in the price range of INR 1,040.31-1,041.56 apiece on the NSE, taking the combined transaction value to INR 1,790.41 crore.After the transaction, General Atlantic's holding in KFin fell to 21.98 %.