KFin Technologies shares came under pressure on Tuesday, sliding nearly 7% intraday, after a wave of heavy block deals spooked investors. The drop follows reports that private equity giant General Atlantic has once again pared down its stake in the company.
Around 1.72 crore shares—roughly 10% of the company’s equity—changed hands in multiple large trades. The average deal price was about ₹1,045 per share, valuing the total transaction at close to ₹1,800 crore, according to exchange data.
General Atlantic’s Exit Strategy
The selling party? Market chatter points to General Atlantic Singapore Fund Pte, which held just under 32% of KFin as of March 2025. While early reports suggested it would offload 6.9%, the deal ended up being larger—an exit of a full 10% stake.
The shares were offered at a discount of 8.3% compared to Monday’s close, with a floor price of ₹1,025. This isn’t the first time General Atlantic has sold shares in the company—back in May 2024, it offloaded another 6% stake, after which the stock went on to rally by nearly 50%.
What’s Happening with the Stock?
Despite the sharp dip, KFin Technologies shares are still well above their low for the year. On Tuesday, the stock touched ₹1,041 before rebounding slightly to trade around ₹1,068—still down 4.5% for the day.
The scrip has had a rocky 2025, shedding about 31% year-to-date. But zoom out a bit and the picture looks better: KFin is still up 49% over the past year, and trades 70% above its 52-week low of ₹610. That said, it’s also a long way off its 52-week high of ₹1,640, which it touched in December last year.
Block Deals Overshadow Strong Q4
Ironically, the sell-off comes right after KFin posted a strong set of Q4 numbers. Revenue jumped 24% year-on-year, thanks to solid performance in its issuer solutions and mutual fund servicing businesses. Net profit was up 14%, and the company held steady EBITDA margins at 43%—a strong showing, especially considering its continued investment in tech and overseas expansion.
Jefferies Still Bullish
Despite the short-term volatility, global brokerage Jefferies remains optimistic. It reiterated a ‘Buy’ rating on the stock and raised its price target to ₹1,460. Analysts are betting on KFin’s steady revenue growth, stable profitability, and its push into global markets.
Jefferies also highlighted KFin’s recent acquisition of Ascent Fund Services, calling it a strategic move to fuel its international ambitions. With this deal, KFin now has a footprint in 13 global markets and over 260 new clients, potentially boosting its overseas revenue share from 12% to 18%.
The big stake sale by General Atlantic might rattle short-term sentiment, but KFin’s solid fundamentals and international growth story give investors something to hold on to. KFin Technologies shares may be down today, but the long-term story is still unfolding—and for now, it’s still looking strong.