Stake sale · Financial Services

Actis sells Pine Labs shares worth over ₹522 crore

By Startup Enthusiast · 19 June 2026

What they do

Pine Labs provides POS machines, payment gateways and fintech solutions for merchants

UK-based private equity firm Actis sold Pine Labs shares worth over ₹522 crore in multiple block deals in June 2026

Axis Mutual Fund bought 96.15 lakh shares for ₹148 crore in one of the deals

UK-based private equity firm Actis sold 98.28 lakh Pine Labs shares via a block deal worth ₹151.6 crore on 19 June 2026.
Actis also sold 2.39 crore Pine Labs shares in another block deal worth ₹371 crore on 24 June 2026.
Axis Mutual Fund bought 96.15 lakh Pine Labs shares for ₹148 crore in the 24 June block deal.
Actis sold Pine Labs shares worth over ₹522 crore over the past few trading sessions.
Actis first acquired its Pine Labs stake in 2018 when it led an $82 million funding round.
Actis had earlier offloaded Pine Labs shares worth ₹194.7 crore during the company's IPO in November 2025.
Multiple bulk deals happened after the expiry of the lock-in period of Pine Labs shares in May 2026.

Actis held 2.14 crore shares (1.86% stake) in Pine Labs as of 31 March 2026 according to one source, while another source says it held 5.26 crore shares (4.58% stake) as of the March 2026 quarter.
Other investors like Madison India and Invesco also pared their Pine Labs stakes in recent months.
Pine Labs shares closed at ₹152.3 on BSE on 19 June 2026, up 1.67%, and at ₹161.25 on 24 June 2026, up 7.5%.
Pine Labs shares are down about 35% year-to-date as of 19 June 2026.

Pine Labs provides POS machines, payment gateways and fintech solutions for merchants, startups, government, brands, D2C companies and banks.
Its products include in-store payments, affordability solutions, UPI, dynamic currency conversion, GrowthHub, online payments, tokeniser, payouts, subscriptions, cross-border payments, prepaid brand wallet, gift cards, reloadable cards, transit cards, DaaS, rewards catalogue, B2B gifting, forex card, credit processing, Bharat Connect, UPI Setu, acquirer switch, merchant management, clearing and settlement, payment facilitator, card management, co-branded credit card, UPI issuer switch, credit line on UPI, fintech infrastructure, BharatConnect (BBPS), identity as a service, UPI collections, account aggregator, underwriting and collections, and UPI autopay.
Pine Labs serves industries including retail, health & wellness, education, consumer electronics, furniture & furnishing, petroleum & energy, food & beverage, hospitality, fashion & lifestyle, automobile, and airlines.
Pine Labs operates in India, Malaysia, UAE and US.

Pine Labs plans to launch infrastructure for stablecoin-backed prepaid cards in global markets.
Pine Labs partnered with OpenAI to develop AI products for local markets and plans new AI-led products for commerce and payments.

Actis (seller) — UK-based private equity firm and early backer of Pine Labs.
Axis Mutual Fund (buyer) — Indian mutual fund that bought 96.15 lakh Pine Labs shares for ₹148 crore.