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  • News From Press Kotak Mahindra Bank to acquire 9.9% stake in KFin Technologies

    Kotak Mahindra Bank to acquire 9.9% stake in KFin Technologies

    KFin services 25 of 44 Indian mutual fund AMCs, according to the company's website.
    Source: Moneycontrol Sep 21, 2021

    Kotak Mahindra Bank on September 20 said it will acquire a nearly 10 percent stake in KFin Technologies after investing Rs 310 crore.

    "Kotak Mahindra Bank Limited has agreed to subscribe to 1,67,25,100 Equity Shares in KFin Technologies Private Limited for a consideration of approximately Rs. 310 crore translating into an equity shareholding of 9.98 percent on September 19, 2021," the private lender said in a BSE filing.

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