KFINTECH

Shares of KFin Technologies surged 8 percent intraday on Thursday, gaining for a third straight session. This comes after the company announced a strategic acquisition in Singapore's fund administration space that is expected to be concluded in the next three to four months. The stock delivered over 500 percent returns from its post-IPO low. The market cheered KFin Tech's move to acquire a 51 percent stake in Singapore-based Ascent Fund Services for $34.7 million, with a roadmap to take full control by FY30. As per the agreement, KFin will buy the remaining 49 percent stake in three equal tranches at the end of FY28, FY29, and FY30, becoming the exclusive promoter of the entity.