Mumbai, April 17 -- Over the last three sessions, the stock has rallied 13.64%. While it is down 5.32% over the past three months, it has still delivered a stellar 85% return in the past year.

The stock jumped 4.59% on Wednesday (16 April 2025), after the company announced a definitive agreement to acquire a 51% controlling stake in Singapore-based Ascent Fund Services for $34.7 million. The deal sets a pathway for full ownership over the next five years. Post-transaction, KFintech will become Ascent's sole promoter, with the remaining 49% to be acquired in three equal tranches (16.33% each) at the end of FY28, FY29, and FY30. The transaction awaits customary regulatory approvals.

Ascent Fund Services, incorporated in August 2019, is a ...