KFin Technologies slides over 6.50% amid reports of block deal

KFin Technologies Share Price: KFin Technologies slipped by 6.58 per cent in morning deals on BSE on Tuesday (March 12, 2024) amid reports of a block deal.

The stock was trading lower by 5.96 per cent, or Rs 37.45, at Rs 590.80 at 10:59 am on Tuesday. 

Having closed at Rs 628.25 on Monday, the stock opened trading on Tuesday at Rs 606.00 to slip to the day's low of Rs 587.05, a 6.58 per cent fall from the previous close.

KFin Technologies block deal

As per reports, Kotak Bank is set to sell its two per cent stake in the company.  

The tech firm will have a block deal of 34.7 lakh shares worth Rs 218 crore.

The block deal is possible at a 5 per cent discount from the market price.

KFin Technologies share performance

After the fall on Tuesday, the stock has slid by 10.64 per cent in the one month.

However, the stock has soared by 29.51 per cent in the six months and 101.14 per cent in the last one year.   

It has outperformed the benchmark Nifty 50, which has jumped by 3.43 per cent in the one month, 11.83 per cent in the six months and 30.33 per cent in the one year.