KFin Technologies Limited has categorically denied recent market rumors regarding a potential stake sale by General Atlantic, one of its major shareholders. The company's stock price fell 5.79% amid the speculation, prompting a clarification from the firm.

Rumor Denial and Stock Movement

In response to a news item, suggesting that "General Atlantic plans to sell 10-15% of its stake in KFin Technologies at a 5-8% discount to the current market price," KFin Technologies issued a statement to the stock exchanges refuting these claims.

The company's share price experienced a significant drop on the day the rumor surfaced:

Official Clarification

In its official communication to the National Stock Exchange of India and BSE Limited, KFin Technologies provided the following clarifications:

1. General Atlantic, categorized as part of the Promoter and Promoter Group, has not indicated any intention to sell their stake in the company to the management or Board of Directors.
2. The company is not aware of any ongoing negotiations regarding the rumored transaction.
3. KFin Technologies stated that it has no information linking the 5.79% decrease in share price on September 22, 2025, to any such development.
4. The company also confirmed that there are no significant regulatory or legal proceedings against it.

Management Statement

Alpana Kundu, Company Secretary and Compliance Officer of KFin Technologies, stated in the filing, "The news is based on rumor and speculation, and we would like to categorically state that the information mentioned is inaccurate and we deny the same."

The swift response from KFin Technologies underscores the company's commitment to transparency and its efforts to address market speculations promptly. As of now, the situation remains unchanged regarding General Atlantic's stake in the company.

Investors and market participants are advised to rely on official communications from the company and regulatory filings for accurate information about KFin Technologies and its shareholding structure.

KFin Technologies Limited has achieved a significant milestone by becoming the first Registrar and Transfer Agent at the International Financial Services Centre (IFSC), GIFT City in Gujarat, India. This groundbreaking development marks a new chapter in the company's growth and expansion strategy.

First Mover Advantage in IFSC

KFin Technologies successfully registered itself in the depository system of India International Depository IFSC Limited (IIDI), the depository operating in IFSC. This strategic move positions KFin Technologies at the forefront of financial services in the rapidly growing GIFT City ecosystem.

Securing First IPO Mandate

In addition to this registration, KFin Technologies has already secured its first Issuer Solution mandate in GIFT City. The company will serve as the Registrar to Offer for the upcoming initial public offer (IPO) of XED Executive Development Limited. This IPO is slated for listing on both NSE IFSC Limited and India International Exchange (IFSC) Limited, further solidifying KFin Technologies' role in the IFSC landscape.

Implications for Growth

This expansion into GIFT City opens up new avenues for KFin Technologies, potentially leading to increased business opportunities and a stronger foothold in the international financial services sector. The company's first-mover advantage could prove crucial in establishing itself as a key player in the IFSC ecosystem.

Investor Relations Activities

Concurrent with this significant development, KFin Technologies has also announced a series of investor non-deal roadshows organized by IIFL Capital. These roadshows will take place in Hong Kong and Singapore. The company will be meeting with various prominent fund managers and institutional investors, including:

• North Rock Capital Management
• Matthews International
• Capital World Investors
• Morgan Stanley Investment Management

Additionally, the company has scheduled meetings with Aditya Birla MF and William Blair in Mumbai. These investor relations activities underscore KFin Technologies' commitment to maintaining strong relationships with its stakeholders and keeping them informed about the company's strategic initiatives and growth prospects.

As KFin Technologies continues to expand its footprint and services, investors and industry watchers will be keenly observing how this pioneering move in GIFT City translates into long-term value creation for the company and its shareholders.