Undertaking a second stake sale within a week, Pine Labs’ early backer Actis has now sold 2.39 Cr shares in a block deal worth ₹371 Cr today
The private equity firm, via its holding entity Actis Pine Labs Investment Holdings, offloaded the shares at ₹155.17 per share
Previously, the UK based PE firm offloaded 98.28 Lakh Cr in Pine Labs via a block deal for ₹151.6 Cr on June 19
Undertaking a second stake sale within a week, Pine Labs’ early backer Actis has now sold 2.39 Cr shares in a block deal worth ₹371 Cr today.
As per BSE bulk deal data, the private equity firm, via its holding entity Actis Pine Labs Investment Holdings, offloaded the shares at ₹155.17 per share. A portion of the shares were lapped up by Axis Mutual Fund, with the investor buying 96.15 Lakh shares for ₹148 Cr.
This is the second stake sale for the investor within a week. On June 19, the UK based PE firm offloaded 98.28 Lakh Cr in Pine Labs via a block deal for ₹151.6 Cr.
Pine Labs has seen two more investment firms Altimeter CapitalInvesco and Madison India Capital also diluted their stakes over the previous month. The multiple bulk deals come after the expiry of the lock-in period of the company’s shares in May.
Actis first acquired a stake in the fintech major in 2018, when it led its $82 Mn funding round. Earlier, the investor offloaded shares worth ₹194.7 Cr during the company’s IPO in November 2025. As per Pine Labs’ shareholding data for the March quarter, the investor, via Actis Pine Labs Investment Holdings, held 5.26 Cr shares or 4.58% stake in the company.
Last month, Pine Labs reported its fourth quarter earnings resultswhere it posted a consolidated net profit of ₹59.4 Cr as against a loss of ₹28.9 Cr in the year-ago quarter. Meanwhile, its operating revenue rose 14.7% YoY to ₹700.5 Cr.
For the full FY26, Pine Labs reported a profit of ₹112.5 Cr as against a loss of ₹145.5 Cr in FY25. Top line spiked 19% to ₹2,710.6 Cr in the reported fiscal year.
During the fourth quarter earnings call, CEO Ambrish Rau disclosed that the company plans to soon launch infrastructure for stablecoin-backed prepaid cards in global markets.
In this light, brokerage Morgan Stanley also maintained its hold rating for the stock, with a price target of ₹245.
Shares of Pine Labs closed 7.5% higher at ₹161.25 apiece on the BSE today, while its market capitalisation stood at ₹18,515.96 Cr ($1.96 Bn).
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