KFin Technologies gets SEBI's nod to raise ₹2,400 crore through IPO

KFin Technologies has received capital markets regulator SEBI's approval to raise ₹2,400 crore through an initial public offering (IPO). According to the Draft Red Herring Prospectus, the IPO is entirely an Offer-For-Sale (OFS) by promoter General Atlantic Singapore Fund. All the proceeds from the offer will go to the promoter selling shareholder.