Saturday, April 27, 2024
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Kfin Technologies

Kfin has already bought a 25 per cent stake in Fintech Products for Rs 6.50 crore and may take an additional 50 per cent stake for the remaining amount over the next 2-3 months

The initial share sale of KFin Technologies was subscribed 2.59 times last week

The category meant for qualified institutional buyers (QIBs) was fully subscribed, while the portion for retail individual investors (RIIs) received 74 per cent subscription

The RIIs subscribed 26 per cent of their quota while the QIBs subscribed 91 per cent and non-institutional investors subscribed only one per cent

The company has decided to allocate over 1.84 crore equity shares to 44 funds at Rs 366 apiece, aggregating the transaction size to Rs 675 crore