ICICI Prudential Life Insurance bought 5,40,541 shares of Kfin Technologies Limited for ₹50.00 Cr at ₹925.00 apiece in a block deal. On the same day, 8.75% of Kfin Technologies' equity, worth around ₹1400 crore, changed hands in a block deal, with General Atlantic likely being the seller.
A technology-driven financial services platform providing comprehensive services and solutions to asset managers and corporate issuers across multiple asset classes in India. The company delivers investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines, and Hong Kong. KFin operates as a vertically integrated service provider serving both domestic and international markets.
Joint venture between ICICI Bank and Prudential plc. Total AUM in excess of Rs 3.2 lakh crore deployed across linked, participating and non-participating funds. CIO Manish Kumar has run the equity book for over a decade, with style biased to quality large and mid-caps. Active across primary and secondary markets through ULIP and group fund mandates.