KFin Technologies Private Limited announced that it will issue 16,725,100 common shares at an issue price of INR 185.350162 per share for gross proceeds of INR 3,099.999994 on September 19, 2021. The transaction will include participation from new investor Kotak Mahindra Bank Limited. Post transaction the investor will hold 9.98% stake in the company.

The transaction is expected to close by the end of October 2021. The transaction is subject to customary closing conditions.