Kotak Mahindra Bank to acquire 9.9% stake in KFin Technologies; plans to pump in Rs 310 crore
KFin serves 25 out of the 44 Indian Mutual Fund AMCs, which have over USD 148 billion in AUM and 35 per cent market share in equity AUM (up from 27 per cent in March 2019), the exchange filing said.
KFin’s proprietary applications, big data technologies and hybrid cloud environment enable servicing of over 13 crore folios and processing of over 10 lakh transactions on a daily basis. Source: Reuters