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KFin Technologies soars on incorporating subsidiary company in Thailand
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KFin Technologies is currently trading at Rs. 980.00, up by 14.60 points or 1.51% from its previous closing of Rs. 965.40 on the BSE.
The scrip opened at Rs. 965.00 and has touched a high and low of Rs. 982.95 and Rs. 963.55 respectively. So far 26703 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1188.45 on 27-Aug-2024 and a 52 week low of Rs. 456.10 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 1045.05 and Rs. 957.30 respectively. The current market cap of the company is Rs. 16794.28 crore.
The promoters holding in the company stood at 33.04%, while Institutions and Non-Institutions held 45.22% and 21.74% respectively.
KFin Technologies has incorporated subsidiary company namely KFin Technologies (Thailand) in the Kingdom of Thailand, for business expansion. The company has incorporated subsidiary company on November 12, 2024.
The Reserve Bank of India has granted its in-principal approval to the Company for the initial capital infusion (ODI remittance) of THB 10 million in the subsidiary.
KFin Technologies provides services and solutions to intermediaries operating in the capital market ecosystem such as mutual funds (MF), alternative investment funds and wealth management firms.
