Mumbai, April 16 -- KFin Technologieshas entered into a definitive agreement with Ascent Fund Services (Ascent) to acquire controlling stake of 51% for US$ 34.7 million, with a path to 100% ownership over the next five years. Post this transaction, KFintech will become the sole promoter of Ascent, and the residual 49% stake will be acquired in three equal tranches of 16.33% each after the end of fiscal year 2028, 2029, and 2030 respectively. The transaction is subject to customary regulatory approvals.

Published by HT Digital Content Services with permission from Capital Market....