KFin Technologies has allotted 30,800 equity shares under ESOP. Consequently, the issued, subscribed, and paid-up Equity Share capital of the Company has increased from Rs. 171,80,22,000/- comprising of 17,18,02,200 equity shares of face value Rs. 10/- each to Rs. 171,83,30,000/- comprising of 17,18,33,000 equity shares of face value Rs. 10/- each. Powered by Capital Market - Live

The stock has jumped 13.34% in two sessions after the company on Tuesday (18 December) announced its entry into BlackRock's Aladdin Provider Network. This move aims to enhance its operational efficiency and service offerings for asset managers by leveraging the Aladdin platform. By joining this network, KFintech will gain access to a robust ecosystem of global asset servicers, enabling it to provide differentiated fund administration and accounting solutions to its clients. The asset management industry often faces challenges such as legacy systems, manual processes, and inconsistent data standards, leading to inefficiencies and operational risks. By leveraging the Aladdin' platform's propriety data interfaces and workflows, KFintech will be able to better integrate the flow of data between KFintech and asset managers on the platform. This, in turn, will enable KFintech to digitize manual processes, align reference data and research fund activity in real-time, and conduct middle office operations on behalf of clients, KFin Technologies said in a statement. Aladdin is a powerful financial technology platform developed by BlackRock. It serves as a central hub for institutional investors, unifying their investment management processes. By establishing a common data language, Aladdin enables institutions to scale their operations, gain deeper insights into their portfolios, and drive business transformation. It integrates sophisticated risk analytics with comprehensive tools for portfolio management, trading, operations, and accounting, all within a single, unified system. Importantly, Aladdin is designed for institutional use and is not intended for individual investors. Aladdin Provider is a key component that facilitates seamless connections between asset managers and service providers within the Aladdin ecosystem. KFin Technologies is a leading financial services provider offering a wide range of solutions to the capital markets ecosystem. It caters to asset managers and corporate issuers across various asset classes in India and globally. In India, KFintech dominates the mutual fund and alternative investment fund (AIF) sectors. It also provides technology-driven solutions to wealth managers and plays a significant role in the National Pension System. General Atlantic, a prominent global private equity firm, is the company's promoter. On a consolidated basis, net profit of KFin Technologies rose 45.52% to Rs 89.32 crore while net sales rose 34.22% to Rs 280.47 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

KFin Technologies has joined BlackRock's Aladdin Provider network to enhance its operating model with asset managers, making it more standardised and efficient. The collaboration will see KFintech join a growing community of the world's largest asset servicers ' enabling it to offer differentiated fund administration and accounting services to clients. The asset management industry can often be constrained by legacy systems, manual processes, inconsistent data standards and limited integration across workflows, all of which can lead to sizeable inefficiencies and risks for companies. By leveraging the Aladdin' platform's propriety data interfaces and workflows, KFintech will be able to better integrate the flow of data between KFintech and asset managers on the platform. This, in turn, will enable KFintech to digitize manual processes, align reference data and research fund activity in real-time, and conduct middle office operations on behalf of clients. Powered by Capital Market - Live

The headline equity indices traded with significant losses in mid-afternoon trade. The Nifty traded below the 24,200 level after hitting the day's high of 24,394.45 in the morning trade. Metal shares witnessed selling pressure for the fourth consecutive trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, dropped 545.75 points or 0.69% to 80,138.68. The Nifty 50 index lost 154.15 points or 0.63% to 24,181.85. In the broader market, the S&P BSE Mid-Cap index declined 0.65% and the S&P BSE Small-Cap index fell 0.73%. The market breadth was weak. On the BSE, 1,402 shares rose and 2,550 shares fell. A total of 111 shares were unchanged. Buzzing Index: The Nifty Metal index slipped 1.39% to 9,067.10. The index fell 4.63% in four consecutive trading sessions. NMDC (down 6.33%), Hindustan Copper (down 2.57%), JSW Steel (down 2.06%), Jindal Steel & Power (down 1.82%), Tata Steel (down 1.26%), Hindalco Industries (down 1.23%), Hindustan Zinc (down 1.08%), APL Apollo Tubes (down 0.9%), Adani Enterprises (down 0.89%) and Jindal Stainless (down 0.69%) declined. On the other hand, Ratnamani Metals & Tubes (up 1.29%) and Welspun Corp (up 0.45%) edged higher. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.09% to 6.864 as compared with the previous close of 6.870. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.9425, compared with its close of 84.9125 during the previous trading session. MCX Gold futures for the 5 February 2024 settlement added 0.05% to Rs 76,912. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 106.97. The United States 10-year bond yield rose 0.21% to 4.394. In the commodities market, Brent crude for February 2024 settlement gained 37 cents, or 0.51% to $73.56 a barrel. Stocks in Spotlight: KFin Technologies rallied 4.59% after the company announced its entry into BlackRock's Aladdin Provider Network. Alkem Laboratories advanced 2.16% after the company, along with its subsidiary, Enzene Biosciences has entered into an agreement with Sunsure Solarpark Twenty Two and Sunsure Energy to acquire a 26% stake in Sunsure Solarpark. Powered by Capital Market - Live

This move aims to enhance its operational efficiency and service offerings for asset managers by leveraging the Aladdin platform. By joining this network, KFintech will gain access to a robust ecosystem of global asset servicers, enabling it to provide differentiated fund administration and accounting solutions to its clients. The asset management industry often faces challenges such as legacy systems, manual processes, and inconsistent data standards, leading to inefficiencies and operational risks. By leveraging the Aladdin' platform's propriety data interfaces and workflows, KFintech will be able to better integrate the flow of data between KFintech and asset managers on the platform. This, in turn, will enable KFintech to digitize manual processes, align reference data and research fund activity in real-time, and conduct middle office operations on behalf of clients, KFin Technologies said in a statement. Aladdin is a powerful financial technology platform developed by BlackRock. It serves as a central hub for institutional investors, unifying their investment management processes. By establishing a common data language, Aladdin enables institutions to scale their operations, gain deeper insights into their portfolios, and drive business transformation. It integrates sophisticated risk analytics with comprehensive tools for portfolio management, trading, operations, and accounting, all within a single, unified system. Importantly, Aladdin is designed for institutional use and is not intended for individual investors. Aladdin Provider is a key component that facilitates seamless connections between asset managers and service providers within the Aladdin ecosystem. KFin Technologies is a leading financial services provider offering a wide range of solutions to the capital markets ecosystem. It caters to asset managers and corporate issuers across various asset classes in India and globally. In India, KFintech dominates the mutual fund and alternative investment fund (AIF) sectors. It also provides technology-driven solutions to wealth managers and plays a significant role in the National Pension System. General Atlantic, a prominent global private equity firm, is the company's promoter. On a consolidated basis, net profit of KFin Technologies rose 45.52% to Rs 89.32 crore while net sales rose 34.22% to Rs 280.47 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

KFin Technologies has allotted 2,72,146 equity shares under KFin Employee Stock Option Plan 2020. Consequently, the issued, subscribed, and paid-up equity share capital of the Company has increased from Rs. 171,46,60,950/- comprising of 17,14,66,095 equity shares of face value Rs. 10/- each to Rs. 171,73,82,410/- comprising of 17,17,38,241 equity shares of face value Rs. 10/- each. Powered by Capital Market - Live

KFin Technologies has invested Rs 19.49 crore in KFin Services, a wholly owned subsidiary of the company on 04 November 2024. Powered by Capital Market - Live

Net profit of KFin Technologies rose 45.52% to Rs 89.32 crore in the quarter ended September 2024 as against Rs 61.38 crore during the previous quarter ended September 2023. Sales rose 34.22% to Rs 280.47 crore in the quarter ended September 2024 as against Rs 208.97 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales280.47208.97 34 OPM %45.1144.59 - PBDT136.0096.28 41 PBT119.4783.71 43 NP89.3261.38 46 Powered by Capital Market - Live

KFin Technologies has allotted 58,897 equity shares under ESOP on 14 October 2024. Consequently, the issued, subscribed, and paid-up Equity Share capital of the Company has increased from Rs. 171,40,71,980/- comprising of 17,14,07,198 Equity Shares of face value Rs. 10/- each to Rs. 171,46,60,950/- comprising of 17,14,66,095 Equity Shares of face value Rs. 10/- each.Powered by Capital Market - Live

KFin Techs. will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live