The US-based firm, the promoter of KFin Technologies, offloaded 1.7 crore shares at an average price of Rs 500.50 per share. Mutual funds and institutional investors like ICICI Prudential Mutual Fund, ICICI Prudential Life Insurance, and IIFL Securities were among the buyers.

This divestment comes amidst a challenging market for KFin Technologies, with its shares plunging 4.29% to close at Rs 509 on Friday.

In another significant deal, construction conglomerate Shapoorji Pallonji and Company divested a 2% stake in Sterling and Wilson Renewable Energy for Rs 163 crore. The company offloaded 39.14 lakh shares at an average price of Rs 415.46 per share. Interestingly, Plutus Wealth Management acquired a 25 lakh share stake in the company at an average price of Rs 410 per share, indicating some investor interest despite the modest share price rise.

These transactions highlight the ongoing churn in the Indian equity market, with both exits and acquisitions taking place. While General Atlantic's divestment from KFin Technologies might raise questions about the company's future, the interest in Sterling and Wilson Renewable Energy suggests potential opportunities in the renewable energy sector.