<ul><li>KFin Technologies has acquired a majority stake of 51% in Ascent Fund Services for $34.7 million.</li><li>Ascent is a rapidly growing global fund administrator, serving 260 asset managers, 576 funds, and $24 billion in assets worldwide.</li><li>The acquisition will enable KFin Technologies' entry into the global fund administration industry and position them for diversified and sustainable growth.</li><li>The transaction is subject to regulatory approval and KFin Technologies plans to acquire the remaining 49% stake over the next five years.</li></ul>

KFin Technologies Acquires Majority Stake In Ascent Fund Services For $34.7 Million

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