Liquidity Events
Actis sells fintech co. Pine Labs shares worth Rs.152-Cr
UK-headquartered private equity firm Actis, via Actis Pine Labs Investment Holdings, has sold 9.8 million shares of publicly listed fintech firm Pine Labs for INR 151.6 crore. As of March 31, 2026, Actis held a 1.86% stake, consisting of 21.4 million shares.The latest transaction marks the third instance of an institutional backer selling its stake in Pine Labs within a month, following similar moves by Madison India and Invesco.Pine Labs reported its maiden profitable year in FY26, achieving a net profit of INR 112.5 crore compared to a loss of INR 145.5 crore in the previous fiscal year. Its operating revenue grew by 19% to INR 2,710.6 crore in FY26.
Actis first invested in Pine Labs in Mar 2018. The company went public in Nov-2025, as part of which Actis sold shares worth INR 194.7 crore.For FY26, Pine Labs had reported about INR 1,926 Cr in Operating Income and about INR 150 Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
