Actis Offloads Pine Labs Shares Worth ₹152 Cr

by · Inc42

SUMMARY

  • UK based private equity firm Actis has offloaded 98.28 Lakh Cr shares of  fintech major Pine Labs via a block deal worth ₹151.6 Cr
  • The firm, via its holding entity Actis Pine Labs Investment Holdings, sold the shares at ₹154.25 apiece
  • This is the third instance of a Pine Labs institutional backer offloading stake within the previous month