IFSCA grants in-principle approval to KFin Global Technologies IFSC Ltd

The International Financial Services Centres Authority ("IFSCA") has vide its email reference no. eF.No. 621/ IFSCA/ ANCI/2022-23 dated March 06, 2023, granted in-principle approval to KFin Global Technologies (IFSC) Limited ("KGTL"), a wholly-owned subsidiary of the Company, for authorization under IFSCA's ancillary services framework in line with IFSCA's circular reference no. F. No. 206/IFSCA/Anc.Aux/2020-21 dated February 10, 2021 read with circular reference no. F. No. 206/ IFSCA/ Anc.Aux/2020-21 dated June 10, 2021.

The in-principle approval is subject to the final authorization which will be issued by the IFSCA after submission of required documents along with fulfilment of other terms and conditions stated in the inprinciple approval and payment of authorization fee as applicable at the time of issuance of the final authorization.

Shares of Kfin Technologies Limited was last trading in BSE at Rs. 300.70 as compared to the previous close of Rs. 293.10. The total number of shares traded during the day was 8900 in over 657 trades.

The stock hit an intraday high of Rs. 309.70 and intraday low of 292.25. The net turnover during the day was Rs. 2689405.00.

Source : Equity Bulls

Keywords

KfinTechnologies INE138Y01010 KFINTECH Intermediaries IFSCA AncillaryServicesFramework Authorization