Citigroup bought 270,275 shares of Kfin Technologies Limited for ₹25.00 Cr at ₹925.00 apiece in a block deal. Shares of KFin Technologies were trading at ₹961.00 on the trade date. It was reported that General Atlantic was the likely seller in a larger block deal where 8.75% of the company's equity changed hands for ₹1,400 crore. However, exchange data has not confirmed this larger transaction.
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.
US-based global investment bank with around USD 2.4 trillion in assets. India FPI activity covers proprietary, market-making and client flows in listed Indian equities.