General Atlantic likely to offload 6% stake in KFin Technologies via block deals – CNBC TV18

Non-public fairness agency General Atlantic is likely to pare its stake in monetary providers agency KFin Technologies Ltd by roughly 6% of the corporate’s whole excellent shares by means of block deals, sources privy to the developments instructed CNBC-TV18.

The sale is anticipated to be executed at a reduction ranging between 5% and eight% of Wednesday’s closing worth, in accordance to a number of folks conversant in the event.

For the fourth quarter, KFin Technologies reported a 14.3% 12 months-on-12 months (YoY) enhance in consolidated internet revenue for the fourth quarter of FY25, at ₹85 crore in contrast to ₹74.5 crore in the corresponding quarter of the earlier 12 months. Income from operations rose 23.8% YoY to ₹282.7 crore, up from ₹228.3 crore in This fall FY25.

Additionally Learn: KFin Technologies launches KFIN KRA to streamline KYC processes

Operational profitability additionally improved, with EBITDA rising 16.9% to ₹122.2 crore versus ₹104.5 crore a 12 months in the past. Nonetheless, the EBITDA margin stood at 43.2%, barely decrease than the 45.8% recorded in the identical quarter final 12 months, largely due to greater working bills.

KFin Technologies’ board of administrators has really useful a last dividend of ₹7.50 per share for FY24, topic to shareholder approval on the upcoming Annual General Assembly.

Shares of Kfin Technologies Ltd ended at ₹1,103.30, up by ₹61.55, or 5.91%, on the BSE.

Additionally Learn: Kfin Tech shares surge 8% after Ascent deal; analysts say valuations enticing