Kotak Mahindra Bank acquires 10% stake in KFin Technologies for Rs.310-Cr

Kotak Mahindra Bank Limited has agreed to subscribe to 1,67,25,100 Equity Shares in Hyderabad-based KFin Technologies Private Limited for a consideration of approximately Rs. 310 crore translating into an equity shareholding of 9.98%. KFin provides Registrar and Transfer Agency services to Mutual Funds, Alternative Investor Funds, Wealth Managers and Corporates. KFin also provides back-office operations and data processing services, besides being a central recordkeeping agency under the National Pension System. For FY 21 it had reported a turnover of INR 481 crore.