Actis Offloads Pine Labs Shares Worth ₹152 Cr
Summary
Actis sold Pine Labs shares worth about ₹152 crore in a block deal after the lock-in period expired. The sale follows similar stake reductions by other Pine Labs backers over the past month. Pine Labs remains operationally strong, with FY26 profitability, revenue growth, and a raised FY27 growth outlook. The company is also increasing its AI focus, including work with OpenAI and plans for AI-led commerce and payments products.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Payments Software
Fintech Infrastructure
Commerce Platform Software
