New Delhi, May 13 -- Shares of KFin Technologies declined sharply on Tuesday, May 13, tumbling as much as 6.8 percent in intraday trading. The fall followed after equity changed hands in the stock via multiple block deals. As per media reports US-based private equity firm General Atlantic was planning to offload a significant portion of its holdings in the company through block deals.

According to reports, General Atlantic, via its affiliate General Atlantic Singapore Fund Pte, was looking to sell up to 6.9 percent of its stake in KFin Technologies. This amounts to around 1.18 crore shares, which were expected to be offered at a floor price of Rs.1,025 per share. The proposed price marks an 8.3 percent discount to KFin's closing price on...