Global private equity firm General Atlantic Singapore is likely to sell up to 6.8% equity in KFin Technologies Limited (NSEI:KFINTECH) at an estimated floor price of INR 712.5 per share, which is a 4% discount. The total deal size, including the green shoe option, is 11.7 million, moneycontrol.com reported, citing CNBC TV18. The base issue size is set at INR 5,000 million and can be upsized to INR 8,333 million, the report said citing sources.

General Atlantic is a part of the promoter group which holds stake in KFin Technologies through entities ? General Atlantic Singapore Fund Pte and General Atlantic Singapore KFT Pte Ltd. While the former has a 38.03% holding in the company, the latter holds 0.94% according to shareholding data available on the BSE. On May 29, 2024, KFin Tech shares closed at INR 742.10 on the NSE, down by INR 9.40 or 1.25% from the May 28, 2024 closing price.