KFin Technologies Limited has informed the Exchange about Clarification/Confirmation on news item appearing in "https://scanx.trade"
KFINTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KFin Technologies has issued a clarification to stock exchanges regarding a news item on scanx.trade that claimed General Atlantic plans to sell 10-15% of its stake in the company at a 5-8% discount to the market price. The company has categorically denied the news, calling it based on rumor and speculation and stating it is inaccurate. General Atlantic, classified as part of the Promoter and Promoter Group, has not indicated any intention to sell their stake to the management or Board. The company also noted that the 5.79% drop in share price on September 22, 2025 (from ₹1149.40 to ₹1082.85) is not linked to any such development, and confirmed there are no significant regulatory or legal proceedings against the company.
The company's strong denial of the stake-sale rumor could help stabilize the stock price and restore investor confidence after the sharp intraday fall. However, with no fundamental change disclosed, volatility may persist until the market fully absorbs the clarification.