Latest news with #KFinTechnologies
The Hindu
a day ago
- Business
- The Hindu
New Centre of Digital and AI Excellence inaugurated at KL University
KL Deemed-to-be University and WebileApps India Private Limited, a subsidiary of KFin Technologies, inaugurated a Centre of Digital and AI Excellence (CODE) on Friday. The initiative aims to strengthen industry-academia collaboration and foster innovation in digital technologies and artificial intelligence (AI) on the university campus. CODE is designed to give KL University students hands-on exposure to real-world industry applications of digital and AI technologies, effectively bridging the gap between academic learning and industry demands. Speaking at the launch, WebileApps CEO Nazish Mir said: 'With CODE, we aim to transform Vijayawada into a hub of digital and AI excellence. This initiative is expected to generate over 1,000 high-skilled technology jobs and create a pipeline of industry-ready talent.' KFin Technologies Group CEO Sreekanth Nadella said that the partnership with KL University was rooted in long-term value creation for students and stakeholders. 'By embedding industry exposure into education, we are creating a scalable, sustainable talent model,' he said. The CODE initiative integrates an industry-orientated curriculum with real-time learning experiences, which facilitate the development of market-relevant skills in AI and digital domains. Mr. Nadella also highlighted the strategic focus on Vijayawada, citing its rich talent pool, robust infrastructure, and excellent connectivity. He added that a planned rollout of WAI CODE will be fully embedded into the university's academic framework. KFin Technologies is an investor and issuer solutions provider across mutual funds, pension funds, insurance investments, and corporate issuances. The company serves global asset managers across Malaysia, the Philippines, Singapore, Hong Kong, Thailand, and Canada. WebileApps, originally a web development firm, has evolved into a multi-domain technology partner serving global clients. With a strong focus on AI, FinTech, and retail, the company offers full-cycle product development services, leveraging over a decade of experience in discovery, engineering, and execution. KL University Vice-Chancellor G. Pardha Saradhi Varma and others were present at the event.
Business Standard
4 days ago
- Business
- Business Standard
KFin Tech drops after block deal
KFin Technologies dropped 6.26% to Rs 1047.70 after a major block deal early today, 13 May 2025. The media reports suggest that General Atlantic Singapore was looking to offload up to a 6.9% stake, valued at approximately Rs 1210 crore, in the brokerage and investor services firm via block deals at floor price of Rs 1,025 per share. Proposed sale involve about 1.18 crore shares of the company. The shares were reportedly offered at a floor price of Rs 1,025, reflecting a 8.3% discount to KFin Technologies' previous closing price of Rs 1117.65. As on March 2025, General Atlantic Singapore Fund held a 31.98% stake in KFin Technologies. The counter witnessed a surge in trading activity today, with volumes on the BSE soaring to 12.34 lakh shares significantly higher than the one-quarter average of 1.09 lakh shares. On the NSE, volumes spiked to 2.57 crore shares, exceeding the quarterly average of 17.51 lakh shares. KFin Technologies is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India and provide comprehensive investor solutions including transfer agency, fund administration, fund accounting, data analytics, digital onboarding, transaction origination and processing for alternate investments, mutual funds, unit trusts, insurance investments, and private retirement schemes to global asset managers in Malaysia, Philippines, Singapore, Hong Kong, Thailand and Canada. KFin Technologies' consolidated net profit jumped 14.21% to Rs 85.05 crore while revenue from operations increased 23.81% to Rs 282.70 crore in Q4 FY25 over Q4 FY24.
Economic Times
5 days ago
- Business
- Economic Times
Astonea Labs IPO opens today: Here's what you need to know before subscribing
The initial public offering (IPO) of Astonea Labs, a company engaged in manufacturing pharmaceutical and cosmetic products, will open for subscription on May 27, and close on May 29. The company is aiming to raise Rs 37.67 crore through a fresh issue of 27.90 lakh shares. It will be listed on the BSE SME platform, with a tentative listing date of June 3. ADVERTISEMENT Oneview Corporate Advisors is the book-running lead manager, and KFin Technologies is the registrar to the issue. The price band for the IPO is set at Rs 128 to Rs 135 per share. Retail investors can apply for a minimum of 1,000 shares, which requires an investment of Rs 1,35,000 at the upper price band. High-net-worth individuals (HNIs) can bid for a minimum of two lots (2,000 shares), requiring Rs 2,70,000. Founded in 2017, Astonea Labs is involved in contract manufacturing of a wide range of pharmaceutical and cosmetic products. Its offerings include antibiotics, anti-cold drugs, diabetic care, heart and gynecological medicines, as well as personal care products like gels, serums, creams, and company also markets its own brands -- "Glow Up" (skincare) and "Regero" (pharma). It plans to launch another brand called "Avicel" and exports its products to countries like Iraq and Yemen. ADVERTISEMENT The company will use the IPO proceeds for registration expenses in Bolivia, purchase of machines for ointment production, advertising and brand promotion, buying IT hardware and software, working capital needs and general corporate purposes ADVERTISEMENT Astonea Labs posted a profit of Rs 4.10 crore in the nine months ended December 2024 on a revenue of Rs 69.69 crore. The company has shown strong growth over the years with a return on equity (ROE) of 37.86% and PAT margin of 4.75%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
Astonea Labs IPO opens today: Here's what you need to know before subscribing
The initial public offering (IPO) of Astonea Labs , a company engaged in manufacturing pharmaceutical and cosmetic products, will open for subscription on May 27, and close on May 29. The company is aiming to raise Rs 37.67 crore through a fresh issue of 27.90 lakh shares. It will be listed on the BSE SME platform, with a tentative listing date of June 3. Oneview Corporate Advisors is the book-running lead manager, and KFin Technologies is the registrar to the issue. Astonea Labs IPO price band The price band for the IPO is set at Rs 128 to Rs 135 per share. Retail investors can apply for a minimum of 1,000 shares, which requires an investment of Rs 1,35,000 at the upper price band. High-net-worth individuals (HNIs) can bid for a minimum of two lots (2,000 shares), requiring Rs 2,70,000. About the company Founded in 2017, Astonea Labs is involved in contract manufacturing of a wide range of pharmaceutical and cosmetic products. Its offerings include antibiotics, anti-cold drugs, diabetic care, heart and gynecological medicines, as well as personal care products like gels, serums, creams, and more. The company also markets its own brands -- "Glow Up" (skincare) and "Regero" (pharma). It plans to launch another brand called "Avicel" and exports its products to countries like Iraq and Yemen. Use of IPO Funds The company will use the IPO proceeds for registration expenses in Bolivia, purchase of machines for ointment production, advertising and brand promotion, buying IT hardware and software, working capital needs and general corporate purposes Financial snapshot Astonea Labs posted a profit of Rs 4.10 crore in the nine months ended December 2024 on a revenue of Rs 69.69 crore. The company has shown strong growth over the years with a return on equity (ROE) of 37.86% and PAT margin of 4.75%. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
23-05-2025
- Business
- Time of India
Borana Weaves IPO allotment to be finalised today: Here's how to check status, GMP and listing date
How to Check Borana Weaves IPO Allotment on BSE: Live Events Checking Allotment via KFin Technologies: GMP and listing outlook: About Borana Weaves IPO (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The allotment for Borana Weaves' Rs 145 crore IPO is expected to be finalised today, May 23. Investors who applied for the IPO, which was open from May 20 to May 22, can now check their allotment status through the registrar, KFin Technologies , or on the BSE IPO saw a blockbuster response from investors, with an overall subscription of 148.77 times. The retail portion was subscribed 200.50 times, the NII (HNI) segment saw 237.41 times subscription, while the QIB portion was subscribed 87.21 times. The overwhelming demand indicates strong investor interest in the textile sector and confidence in Borana Weaves' business are expected to be credited to successful bidders' demat accounts by May 26, with refunds to unallotted investors also likely to be processed on the same day. The stock is set to debut on BSE and NSE on May the BSE website: Select 'Equity' and choose 'Borana Weaves' from the dropdown menuEnter your application number or PANClick 'Search' to view the allotment statusVisit: Select 'Borana Weaves IPO'Enter your PAN, application number, or client IDClick 'Submit' to check your statusAs of the last update, the grey market premium (GMP) for Borana Weaves IPO was around Rs 60, indicating a possible listing price of Rs 276 against the issue price of Rs 216 — a potential listing gain of 27%.The IPO was entirely a fresh issue of 67.08 lakh shares. Funds raised will be used to set up a new manufacturing unit, meet working capital needs, and for general corporate purposes.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
