KFin Technologies Limited has announced a board meeting to incorporate a wholly owned subsidiary in Singapore and to acquire a 51% stake in Ascent Fund Services (Singapore) Pte.

Kfin Technologies LimitedKFINTECH · Filed with the exchange

Ltd. The acquisition involves a cash investment of approximately USD 34.68 million for the initial transaction.

Ascent Fund, which is a global fund administrator with FY24 turnover of USD 13.32 million, provides fund administration and financial solutions.

Over the next five years, KFin plans to gradually increase its ownership to 100%. This strategic move aims to enhance market positioning and operational efficiencies in the financial services sector.

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