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.
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.
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.”
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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.
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.
Published on: Apr 17, 2025, 8:48 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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