KFin Technologies has successfully completed the acquisition of a 51% controlling stake in Ascent Fund Services (Singapore) Pte. Ltd. The initial agreement was dated April 16, 2025. This acquisition was executed through a subscription to 763,651 ordinary shares and the purchase of 4,533,030 ordinary shares of Ascent Fund, for a total consideration of USD 34,680,013.93.
Acquisition Completed
KFin Technologies has finalized its acquisition of a 51% stake in Ascent Fund Services (Singapore) Pte. Ltd. (Ascent Fund). The initial transaction, outlined in agreements dated April 16, 2025, has been successfully executed.
Details of the Transaction
The acquisition was completed through KFin Technologies’ wholly owned subsidiary, KFin Technologies (Singapore) Pte. Ltd. The transaction involved subscribing to 763,651 ordinary shares of Ascent Fund and purchasing 4,533,030 ordinary shares from existing shareholders. The total consideration for this transaction amounted to USD 34,680,013.93.
Strategic Rationale
This acquisition is expected to strengthen KFin Technologies’ position in fund services and expand its global reach.
Source: BSE
