Madison India Capital Partially Exits Pine Labs Via ₹357 Cr Block Deal

by · Inc42

SUMMARY

  • As per NSE data, the PE firm, via its Madison India Opportunities IV fund, sold the shares at ₹144 apiece to rake in the amount
  • The shares that flooded the market were lapped up by Franklin Templeton, HSBC Mutual Fund, ICICI Prudential, Tata Mutual Fund, Morgan Stanley, among others
  • With this, Madison India Capital has sold off nearly the entirety of its holding in the fintech company