said on Wednesday it has completed the acquisition of about 10 percent To bet In Keffin Technologies Around Rs 310 crore.
In September, the bank had reported subscribing of 1,67,25,100 equity shares in Keffin Technologies Pvt Ltd for about Rs 310 crore, which translates into an equity shareholding of 9.98 per cent.
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“We would like to inform you that the bank has completed the said transaction on November 10, 2021,” Kotak said in a regulatory filing.
General Atlantic backed Kefin Technologies is an investor and issuer services platform that provides fintech solutions across asset classes such as mutual funds, options. Insurance, and pension.
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It serves 25 mutual funds and has 35 per cent stake in equity assets under management.
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Kotak shares closed at Rs 2,076.80 per share BSE, down 0.97 percent from the previous close.
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