How Much of Adani Group Does Gautam Adani Own?

Gautam Adani, the founder and chairman of the Adani Group, holds significant stakes across the conglomerate’s listed entities through a combination of personal holdings, family trusts, and promoter group companies.  

Ownership in Adani Enterprises 

Adani Enterprises, the flagship company of the group, has seen an increase in promoter shareholding. As of the latest filings, the promoter group, which includes Gautam Adani and associated entities, holds 73.97% of the company’s shares (as of March 2025), up from 72.61% in March 2024.  

Also Read: What Does Adani Enterprises Do? An Overview!

Holdings in Other Group Companies 

Gautam Adani’s influence extends beyond Adani Enterprises. Through various entities and trusts, he maintains substantial stakes in other listed companies within the group. For instance, the Adani SB Family Trust holds a significant portion of shares in multiple group companies.  

Here’s a table to understand the shareholding of Gautambhai Shantilal Adani & Rajeshbhai Shantilal Adani (on behalf of S.B. Adani Family Trust) across key Adani Group companies for March 2024, December 2024, and March 2025: 

Company  Mar 2024 (%)  Dec 2024 (%)  Mar 2025 (%) 
Adani Energy Solutions  53.93  53.93  50.08 
Adani Enterprises  50.29  49.67  49.67 
Adani Green Energy  20.76  20.76  20.76 
Adani Ports  32.90  32.90  32.90 
Adani Power  36.86  36.86  36.86 
Adani Total Gas  37.38  37.38  37.38 

Consolidated Net Worth 

As per corporate shareholdings filed for March 31, 2025, Gautam Adani publicly holds six stocks with a net worth exceeding ₹4,13,620.2 crore. 

Succession Planning 

Looking ahead, Gautam Adani has outlined plans to transfer control of the Adani Group to his family by the early 2030s. This succession strategy involves his sons and their cousins becoming equal beneficiaries of the family trust, ensuring continued family oversight of the conglomerate.  

Conclusion 

Gautam Adani’s substantial holdings across the Adani Group’s entities underscore his pivotal role in the conglomerate’s operations and strategic direction. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

List of 16 Fintech Unicorn Startups in India in 2025: Razorpay, PhonePe & More

India’s fintech landscape has evolved dramatically over the past decade, emerging as one of the largest and fastest-growing fintech ecosystems in the world. India’s fintech sector is thriving. Valued at $102.61 billion in 2023, it is projected to expand nearly five times to $513.77 billion by 2032, growing at a compound annual growth rate (CAGR) of 18.30%. Here’s a list of fintech unicorn startups in India as of April 2025.  

List of Fintech Unicorn Startups in India – 2025 

  1. PhonePe

PhonePe is one of India’s most widely used digital payments platforms. It allows users to send and receive money, recharge mobiles, pay utility bills, and shop online or offline using UPI. With strong partnerships and consistent innovations, PhonePe has grown to become a household name in digital finance. PhonePe is planning an IPO with a target valuation of up to $15 billion. PhonePe IPO is expected to be a combination of fresh stock issuance and an offer for sale. 

  1. Razorpay

Razorpay provides a comprehensive suite of payment solutions for businesses. It enables companies to accept, process, and disburse payments using its product suite. Razorpay has also ventured into lending and banking services for businesses, making it one of the most versatile players in the Indian fintech ecosystem. 

  1. CRED

CRED started as a credit card payment platform that rewards users for timely payments. Over time, it has expanded its offerings to include personal loans, rent payments, and CRED Pay for shopping. Known for its unique branding and premium user base, CRED has quickly scaled to unicorn status. 

  1. Money View

Money View offers personal financial management, instant personal loans, and credit score monitoring services. Its AI-driven credit model enables users, even in Tier 2 and 3 cities, to access financial products with ease. 

  1. Digit Insurance

Digit Insurance is a digital-first insurance company that simplifies the buying and claims process for general insurance. From travel and health insurance to mobile and vehicle insurance, Digit focuses on making insurance simple, transparent, and paperless. 

  1. MobiKwik

MobiKwik is a digital wallet and payment service provider that also offers credit, insurance, and wealth management services. It caters to both consumers and businesses, enabling them to make secure and seamless digital transactions. One Mobikwik Systems Ltd, the parent company of MobiKwik is a listed company, with a market cap of ₹2,184.93 crore, as of April 16, 2025.  

  1. Pine Labs

Pine Labs offers point-of-sale (POS) solutions to merchants across India and Southeast Asia. The company also provides working capital loans and prepaid gift card services, becoming a one-stop-shop for merchant commerce needs. 

Also Read: EMI Planning: What Should Be Your EMI If You Earn ₹50,000 Per Month?  

  1. OneCard

OneCard is a digital credit card provider that targets tech-savvy users with a mobile-first experience. It emphasises transparency, control, and rewards. The app-based platform allows users to manage card usage, track expenses, and repay dues with flexibility. 

  1. Open

Open is India’s leading neobanking platform for small and medium-sized businesses. It combines banking, accounting, and expense management into a single platform, helping businesses manage their finances more efficiently. 

  1. Yubi (formerly CredAvenue)

Yubi operates as a digital debt marketplace that connects enterprises with lenders, offering solutions across supply chain finance, loans, co-lending, and bond issuance. The platform simplifies and accelerates credit flow for Indian businesses. 

  1. CoinDCX

CoinDCX is a cryptocurrency trading platform that allows users to buy, sell, and invest in digital assets like Bitcoin, Ethereum, and others. It aims to make crypto investing secure and accessible to Indian users while complying with evolving regulatory norms. 

  1. CoinSwitch

CoinSwitch is another major crypto exchange platform in India. It focuses on simplicity and ease of use, appealing especially to retail investors entering the world of cryptocurrencies. 

  1. ACKO

ACKO is a digital insurance provider that uses data and technology to provide bite-sized insurance products such as car, bike, health, and mobile insurance. Its completely paperless process makes it a preferred choice for today’s digital-native customers. 

  1. Slice

Slice is a credit and payments platform that provides a card-like experience to millennials and Gen Z users, even those without a traditional credit history. With gamified rewards and an easy sign-up process, Slice has become a popular choice among young professionals. 

  1. Perfios

Perfios offers financial data aggregation and analysis solutions to banks, NBFCs, and fintech companies. Its platform helps in loan underwriting, financial spreading, and credit decision-making, making it a core technology enabler for the industry. 

  1. BillDesk

One of India’s oldest and most trusted online payment gateways, BillDesk supports recurring payments, bill payments, and payment processing for numerous businesses. It remains a key part of the country’s payment infrastructure. 

India’s Fintech Boom

India’s payments ecosystem has experienced remarkable growth in recent years, positioning the country as a global leader in digital payment transformation. In FY 2022–2023, digital payments in India recorded a robust year-on-year (YoY) growth of 58% compared to FY 2021–2022. UPI (Unified Payments Interface) has been at the forefront of this surge, contributing to over 75% of total retail digital transactions. 

Among card-based payments, credit card transactions witnessed a 22% YoY increase in FY 2023–2024. As of 2023, the total transaction value of digital payments in India stood at ~USD 2 trillion. This figure is projected to increase fivefold to reach USD 10 trillion by 2026. 

With increased internet penetration, digital adoption, supportive regulatory frameworks, and rising investor interest, several fintech startups have reached unicorn status, achieving a valuation of $1 billion or more.  

These companies are reshaping how financial services are accessed, delivered, and experienced in India.

Conclusion 

India’s fintech unicorns are redefining the financial landscape by offering innovative, accessible, and tech-driven solutions. From digital payments and lending to insurance and investment platforms, these startups are not only solving existing problems but also creating entirely new financial behaviors.  

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

BHEL Signs Tech Transfer Deal with BARC for Hydrogen Electrolyser Systems

Bharat Heavy Electricals Limited (BHEL) has entered into a Technology Transfer Agreement (TTA) with the Bhabha Atomic Research Centre (BARC) to enhance its capabilities in green hydrogen production.  

Details of the Agreement  

The agreement focuses on the Mixed-Matrix Membrane Diaphragm Technology, specifically for separator applications in electrochemical cells, which are central to alkaline electrolyser systems used in hydrogen production. 

The Mixed-Matrix Membrane Diaphragm developed by BARC is a significant technological advancement. It offers an effective, low-cost substitute for Zirfon membranes—currently imported and widely used in water electrolysers. Additionally, it replaces the traditionally used asbestos diaphragm, making the system more sustainable and environmentally friendly. 

This development is entirely domestic, supporting the broader goals of the ‘Make in India’ initiative and the National Green Hydrogen Mission. The agreement will enable BHEL to achieve complete indigenous development of alkaline electrolyser systems. With this, BHEL strengthens its role in developing clean energy solutions that align with India’s push toward a low-carbon economy. 

While the financial details and certain terms of the agreement remain confidential, the strategic importance of this partnership is clear. By acquiring this technology, BHEL is better positioned to reduce reliance on imports, lower production costs, and offer scalable solutions for green hydrogen generation. 

Read: EMI Planning: Car Loan of ₹10 Lakh: 5 Yrs vs 7 Yrs – What’s Better for Your Budget?

BHEL Share Price Performance 

On April 17, 2025, BHEL share price opened at ₹228.00, up from its previous close of ₹226.00. At 12:44 PM, the share price of BHEL was trading at ₹229.25, up by 1.44% on the NSE. 

About BHEL 

Bharat Heavy Electricals Ltd is a leading integrated manufacturer of power plant equipment in India. It is involved in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems catering to key sectors of the economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defence. BHEL is the flagship engineering and manufacturing enterprise of India and is owned and operated by the Government of India. 

Conclusion 

The collaboration between BHEL and BARC marks a critical step in India’s journey towards clean energy self-reliance. With indigenous technology now in hand, BHEL is set to play a pivotal role in the country’s emerging hydrogen economy. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

GST on UPI Over ₹2,000? Here’s What You Need to Know

As per news reports, the Indian government is reportedly reviewing a proposal to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions exceeding ₹2,000. As UPI has become an essential part of daily life, the potential tax has raised eyebrows across user segments, from individual users to small business owners. 

Read More: Government Confirms No GST on UPI Payments Over ₹2,000!

What Is the Proposed Rule? 

Under this proposal, digital payments made via UPI that cross ₹2,000 in a single transaction may be brought under the GST framework. The goal is to enhance tax compliance and bring more digital transactions into the formal economy. If approved, an 18% GST, the standard rate for most digital services, could be levied on these high-value transactions. 

Though still under consideration, the proposal could mark a significant shift in India’s digital payments ecosystem, which has so far been promoted as a cost-free, user-friendly platform. 

Who Could Be Affected? 

Individuals: If implemented, the rule could affect routine payments such as rent, grocery bills, or dining out, especially for those who prefer UPI over cash or card. To avoid crossing the ₹2,000 limit, users may resort to splitting payments into smaller amounts. However, this can be inconvenient and may not always be feasible. 

Small Businesses and Freelancers: Those receiving larger UPI payments could be pushed into the GST net, requiring them to register under the GST regime if not already registered. This could add to their compliance burden and operational costs. To manage the potential impact, many small vendors or freelancers may pass on the cost to customers, leading to slightly higher prices. 

Key Highlights of the Proposal 

  • GST may apply to UPI payments over ₹2,000 
  • Peer-to-peer and merchant transactions could both be included 
  • The proposed GST rate is likely around 18% 
  • No official implementation date has been announced 

Read: EMI Planning: Car Loan of ₹10 Lakh: 5 Yrs vs 7 Yrs – What’s Better for Your Budget?

Conclusion 

If enforced, the proposed GST on UPI transactions could impact how people and businesses use digital payments. While it may improve tax revenue, it also poses challenges for convenience and affordability in the UPI ecosystem. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Dubai Gold Rate: What Is the Price of 22K and 24K Gold in Dubai Today, April 17, 2025?

Gold prices in Dubai change daily, influenced by global market trends, geopolitical developments, and currency fluctuations. Whether you’re looking to invest, buy jewellery, or simply stay updated, tracking these price movements can help you make smarter financial decisions. 

Here’s a look at today’s gold prices in Dubai.  

Dubai Gold Rate Comparison: Today vs. Previous Session 

The table below reflects Dubai gold rates per gram for April 17, 2025, as of 11:52 AM IST, and compares them with the rates from the previous day. All values are in AED. 

Type  Per Gram (Today)  10 Grams (Today)  Per Gram (Yesterday) 
24 Carat  402.75  4,027.50  402.75 
22 Carat  372.75  3,727.50  372.75 
21 Carat  357.50  3,575.00  357.50 
18 Carat  306.50  3,065.00  306.50 

Gold Price in Dubai Converted to Indian Rupees (INR) – 10 Grams Rate 

Using the current exchange rate of 1 AED = ₹23.28, here’s the approximate price of 10 grams of gold in (INR) Indian Rupees. 

Type  Price in AED (10g)  Price in ₹ (10g) 
24 Carat  4,027.50  93,777.90 
22 Carat  3,727.50  86,785.20 
21 Carat  3,575.00  83,216.00 
18 Carat  3,065.00  71,340.20 

Read More: Dubai Gold Price vs. India: How Much Can You Save After Import Duty? 

Conclusion 

Gold prices in Dubai remained stable on April 17, 2025, with no change compared to the previous session. This steady trend offers a sense of predictability for buyers and investors. With the current exchange rate, Indian consumers can also assess the cost of Dubai gold in INR.  

If you’re planning a purchase or investment, keeping track of AED-INR trends and daily gold rates can help you optimise your buying strategy. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

NBCC Share Price Rises 3.75% on April 17; Eyes ₹25,000 Crore Revenue by FY29

NBCC (India) Ltd has been gaining attention on Thursday. On April 17, 2025, NBCC share price opened at ₹96.20, up from its previous close of ₹95.80. At 10:19 AM, the share price of NBCC was trading at ₹99.39, up by 3.75% on the NSE. Notably, the stock price touched its 52-week low recently at ₹70.80.  

Eyes ₹25,000 Crore Revenue by FY29 

NBCC Chairman and Managing Director KP Mahadevaswamy said the company is replicating its successful Delhi redevelopment model in other states. In Delhi, NBCC generated ₹14,800 crore by selling 3.2 million sq ft of commercial space at the World Trade Centre project in Nauroji Nagar and the Sarojini Nagar Downtown. This helped fund the redevelopment of seven government housing colonies in the capital. 

Now, NBCC is in discussions with the governments of Goa, Telangana, Jammu & Kashmir, and Kerala to take on more such self-sustainable redevelopment projects. These projects generate funds internally through commercial sales, requiring no budgetary allocation from the states. This model has made NBCC an attractive partner for state governments looking to upgrade their infrastructure. 

The company’s current order book stands at ₹60,000-70,000 crore, with expectations that it will continue to expand. Recently, NBCC secured ₹10,000 crore worth of redevelopment projects from the Goa government. These will be executed in phases without any financial support from the state. 

Financially, NBCC has shown steady growth. From ₹8,900 crore in FY23, the company’s revenue rose to ₹10,666 crore in FY24. It now aims to clock ₹12,000 crore in FY25. 

NBCC is also indirectly supporting other government agencies like the CPWD by generating capital through commercial property sales. These funds help execute redevelopment projects in colonies assigned to CPWD, demonstrating NBCC’s integral role in the urban transformation landscape. 

Also Read: EMI Planning: Car Loan of ₹10 Lakh: 5 Yrs vs 7 Yrs – What’s Better for Your Budget?

About NBCC (India) Ltd 

NBCC (India) Limited, a Navratna CPSE under the Ministry of Housing and Urban Affairs, operates across three key verticals: Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. 

Conclusion 

NBCC’s accelerated revenue target and expanding redevelopment footprint highlight its growing influence in India’s real estate and infrastructure space.  

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

IDFC FIRST Bank Share Price in Focus; To Raise ₹7,500 Crore from Warburg Pincus, ADIA

The Board of Directors of IDFC FIRST Bank has approved a preferential issue of equity capital totaling ~₹7,500 crore.  

Of this, ₹4,876 crore will be raised from Currant Sea Investments B.V., an affiliate of global growth investor Warburg Pincus LLC.  

An additional ₹2,624 crore will come from Platinum Invictus B 2025 RSC Limited, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), managed by its Private Equities Department. The capital raise is subject to necessary shareholder and regulatory approvals. 

Transformation Journey 

Over the past six years, IDFC FIRST Bank has transformed from a legacy infrastructure-focused development finance institution (DFI) into a modern, technology-driven universal bank. The bank has invested significantly in expanding its distribution network, enhancing its tech infrastructure, and building a strong talent pool. 

Financial Performance 

The bank’s deposits have grown sixfold, while loans and advances have doubled. Its Current Account Savings Account (CASA) ratio has jumped from 8.7% to 47.7%. Profit after tax also turned around from a loss of ₹1,944 crore in FY19 to a profit of ₹2,957 crore in FY24. While there was a temporary dip in profitability during 9M FY25 due to industry-wide microfinance challenges, the bank has managed to navigate these well. 

Capital Adequacy to Improve 

Post fundraise, the bank’s overall capital adequacy ratio is expected to rise from 16.1% to 18.9%, with the CET-1 ratio reaching ~16.5%, strengthening the balance sheet for future growth. 

Management Commentary 

Mr V Vaidyanathan, Managing Director & CEO, IDFC FIRST Bank, stated, “It is great to have Warburg Pincus back and to welcome a wholly owned subsidiary of ADIA as our shareholder. We thank them both for believing in us and our future growth plans and for investing in us even under volatile global situations. We believe only by building a strong, respected franchise loved by customers and supported by strong unit economics, we will deliver sustainable long-term returns to our stakeholders.” 

Vishal Mahadevia, Managing Director, Head of Asia Private Equity, and Global Co-Head of Financial Services, Warburg Pincus, said, “We believe the Indian banking sector presents an exciting opportunity and is poised for long-term growth. At Warburg Pincus, we have a long track record of partnering with exceptional teams. We have known the IDFC First Bank team for over a decade dating back to their early days and have closely seen the build out of the bank. We are excited to re-invest behind the IDFC First Bank team to support them in the next phase of growth and sustainable ROE improvement.” 

Also Read: Why Are Adani Group Companies in Huge Debt?

IDFC FIRST Bank Share Price Performance 

On April 17, 2025, IDFC FIRST Bank share price opened at ₹63.00, almost the same as its previous close of ₹63.32. At 9:46 AM, the share price of IDFC FIRST Bank was trading at ₹62.07, down by 1.97% on the NSE. 

Conclusion 

This capital infusion marks a pivotal step in IDFC FIRST Bank’s journey toward sustainable growth. The strengthened balance sheet enhances its long-term competitiveness. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

India’s CV Sales to Hit 1 Million Units in FY25?

India’s domestic commercial vehicle (CV) market is poised for a rebound in the current financial year, with sales expected to approach the one million-unit mark. This recovery will be driven by a combination of infrastructure expansion, replacement demand, and supportive policy initiatives such as the PM-eBus Sewa scheme.  

If the projections hold true, FY25 could see CV sales returning to the peak levels of FY2019, before the Covid-19 pandemic disrupted demand. 

Growth Forecast and Market Drivers 

According to a recent analysis by Crisil Ratings covering four leading CV manufacturers, which together account for about 70% of the sector’s volume, domestic sales are projected to grow by 3-5% in FY25. This comes after a slowdown last fiscal and represents a return to the industry’s long-term growth trajectory. 

The expected recovery is being powered by multiple factors. Key among them is the pickup in infrastructure execution, particularly in the last quarter of FY25. Government spending, especially the 10-11% increase in central capex, is spurring demand across construction, road, and metro projects. 

Segment-wise Outlook 

Light commercial vehicles (LCVs), which constitute nearly 62% of total CV sales, are expected to lead the uptrend. E-commerce growth and expansion of warehousing in Tier 2 and Tier 3 cities have created robust demand in this segment. On the other hand, medium and heavy commercial vehicles (M&HCVs), accounting for 38% of the market, are projected to grow by 2-4% this fiscal. 

A strong vehicle replacement cycle will also support demand. Many vehicles purchased between FY2017 and FY2019 are now nearing the end of their lifecycle, prompting fleet operators to consider upgrades. This trend is being further aided by moderating inflation and interest rates, which had previously discouraged replacements. 

Also Read: Why Are Adani Group Companies in Huge Debt?

Electric Vehicle Segment and Regulatory Changes 

In the electric CV space, the PM-eBus Sewa scheme is expected to push adoption of electric buses, although the current market base remains small at around 3,200 units. The initiative is likely to pave the way for long-term growth in this emerging category. 

At the same time, regulatory changes are reshaping the industry landscape. From October 2025, it will be mandatory for trucks to feature air-conditioned cabins—a move expected to increase costs by at least ₹30,000 per unit, particularly impacting the M&HCV segment. Anticipating this, manufacturers raised prices by 2-3% in January to cushion the impact. 

Financial Outlook and Investment Plans 

Despite rising costs, manufacturers are expected to maintain operating margins of 11-12%, matching the decade-high levels seen last year. This stability is supported by softening input costs and healthy cash flows. Capex is set to rise by 12-15% in FY25, with leading players planning investments of around ₹4,500 crore. These funds will go towards safety enhancements, emissions compliance, and electric vehicle development. 

Conclusion 

India’s commercial vehicle sector is showing clear signs of a revival, buoyed by improved infrastructure activity, replacement demand, and supportive policies. While regulatory changes and input costs remain challenges, the sector appears well-positioned for stable growth in FY25, with healthy margins, sound balance sheets, and a positive long-term outlook. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

KFintech to Acquire 51% Stake in Ascent Fund Services for $34.7 Million

KFin Technologies Limited (KFintech), a leading investor and issuer solutions provider, has signed a definitive agreement to acquire a 51% controlling stake in Ascent Fund Services Pte. Ltd for US$ 34.7 million.  

The deal includes a roadmap to full ownership, with the remaining 49% to be acquired in equal tranches post FY2028, FY2029, and FY2030. The transaction is subject to regulatory approvals. 

About Ascent Fund Services 

Headquartered in Singapore, Ascent is a global fund administrator with a presence in 18 geographies, serving 260 alternative asset managers managing 576 funds with over US$ 24 billion in assets under administration. It brings decades of industry experience, a strong client base, and deep operational expertise. 

Strategic Benefits for KFintech 

This acquisition marks KFintech’s entry into the US$12 billion global fund administration market, giving it immediate access to licenses, clients, and talent across jurisdictions. 

Mr Sreekanth Nadella, Managing Director and Chief Executive Officer of KFintech, said, “We are thrilled to announce the acquisition of Ascent Fund Services. Ascent’s global footprint, deep domain expertise, client-centric approach, and ambitious team share our passion and vision for diversified and sustainable growth, and innovation. The partnership will be a force multiplier of KFintech’s vision to become the first global fund administrator from India across all asset classes and all business processes.”  

He further added, “The partnership aims to deliver innovative and tech-driven solutions for global asset managers with multi-asset, multi-currency, and multi-geography fund administration capabilities. KFintech’s experience of investing in strategic and synergistic assets bodes well to integrate with Ascent and create long-term value for all our stakeholders.” 

Mr Jaideep Mukhariya, Co-Founder and Group CEO, Ascent added, “This acquisition marks an exciting new chapter for our group which represents a strategic and transformative step in strengthening our position in the industry. By combining our expertise and resources, we are positioned to better serve our clients, explore new markets, and stay ahead of the curve in an ever-evolving industry landscape. We are confident that this acquisition will enable us to offer enhanced solutions and services to our clients, while continuing to lead the industry in quality and innovation.” 

Also Read: Why Are Adani Group Companies in Huge Debt?

KFin Technologies Share Price Performance 

On April 16, 2025, KFintech share price opened at ₹1,015.20 and closed at ₹1,053.00, up by 4.55%. The stock price touched its day’s high at ₹1,067.00. 

Conclusion 

The combined strength of Ascent’s global reach and KFintech’s tech-driven approach positions the duo as a comprehensive partner in global fund administration. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Stock Markets (NSE, BSE) and Bank Holiday on April 18 for Good Friday

If you’re planning any financial transactions or looking to trade stocks tomorrow, it’s important to note that both the Indian stock market and banks will remain closed on Good Friday, April 18, 2025. This holiday is observed across the country as a religious and public holiday, marking the crucifixion of Jesus Christ. 

Stock Market Holiday on April 18, Friday 

On April 18, trading will be suspended on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This includes equity, equity derivatives, SLB (Securities Lending and Borrowing), and currency derivative segments.    

Other NSE and BSE Holidays in April and May 2025 

Earlier this month, the stock markets were closed on April 10, 2025, for Ram Navami. And then on April 14, 2025, for Ambedkar Jayanthi.

Looking ahead, the next market holiday will fall on May 1, 2025, in observance of Maharashtra Day and Labour Day, when trading activity will again be suspended across major exchanges. These dates are part of the official market holiday calendar released by NSE and BSE each year to help traders and investors plan ahead.  

These holidays are part of the official holiday calendar released by the stock exchanges at the beginning of each year. It’s always a good idea to keep track of these dates, especially for investors and traders who plan their transactions in advance. 

Check: Share Market Holiday List 2025! 

Bank Holiday on April 18 

As for banks, Good Friday is a recognised public holiday under the Negotiable Instruments Act, which means branches of public and private sector banks will remain closed across most parts of India.  

This includes physical banking services like cash deposits, withdrawals, and in-branch consultations. However, digital banking services such as UPI, net banking, ATM operations, and mobile banking apps will remain operational, allowing users to carry out essential transactions seamlessly. 

Conclusion 

April 18, 2025, marks a market and banking holiday due to Good Friday. While the long weekend may provide time for personal reflection or rest, it’s crucial to plan your financial activities accordingly. Markets will resume regular operations on Monday, April 21, 2025. 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.