London-based investment firm Actis has sold shares worth approximately ₹151.6 crore in Indian fintech company Pine Labs through a market transaction, continuing the trend of stake sales by early investors following the expiration of the company’s post-IPO lock-in period.
According to exchange data, Actis Pine Labs Investment Holdings offloaded 9.83 million shares at a price of ₹154.25 per share, representing around 0.86% of Pine Labs’ equity capital based on the company’s paid-up share capital as of March 2026.
Stake Sale Conducted at Premium Price
The transaction was executed at a price slightly above the market closing rate.
The sale price of ₹154.25 per share represented a premium of approximately 1.3% over Pine Labs’ closing share price of ₹152.30 on the day of the transaction.
While the identity of the buyer has not been disclosed, the transaction reduces Actis’ ownership in Pine Labs.
At the end of March 2026, Actis held a 4.58% stake in the fintech company. Following the latest transaction, its holding is estimated to decline to approximately 3.72%, assuming there have been no other changes in share ownership.
Series of Investor Exits After Lock-In Expiry
The latest stake sale follows several similar transactions by institutional investors after the expiry of Pine Labs’ post-IPO lock-in period in May 2026.
Recent share sales include:
- Madison India Opportunities IV, which sold 24.78 million shares on May 22
- Altimeter Growth Partners, which sold 15.61 million shares on May 27
- Invesco Developing Markets Fund, which sold 7.89 million shares on June 5
These transactions reflect a broader trend of early investors partially monetising their holdings after Pine Labs’ successful public market listing.
Actis’ Long-Term Association with Pine Labs
Actis has been a key investor in Pine Labs for several years.
The investment firm first backed Pine Labs in 2018, leading an $82 million funding round alongside Altimeter Capital.
Actis also participated as a selling shareholder during Pine Labs’ initial public offering (IPO) in November 2025, offering up to 8.81 million shares as part of the listing process.
The latest transaction marks another step in Actis’ gradual exit strategy while retaining a significant stake in the company.
Pine Labs Delivers Strong Financial Performance
The stake sale comes at a time when Pine Labs is reporting significant improvements in its financial performance.
For the quarter ended March 31, 2026, the company reported:
- Profit After Tax (PAT): ₹59.36 crore
- Revenue from Operations: ₹700.51 crore
In comparison, Pine Labs had reported a loss of ₹28.91 crore during the same period in the previous year.
Quarterly revenue increased by 17% year-on-year, reflecting strong growth across its fintech and merchant solutions business.
First Full Year of Profitability
A major milestone for Pine Labs came in FY26 when the company achieved its first full year of profitability.
For the financial year ended March 2026:
- PAT: ₹112.51 crore
- Revenue from Operations: ₹2,710.59 crore
This compares with a loss of ₹145.49 crore reported in FY25.
Annual revenue grew by 19% year-on-year, highlighting the company’s ability to scale while improving operational efficiency.
Strengthening Position in India’s Fintech Sector
Founded as a merchant commerce and payments platform, Pine Labs has evolved into one of India’s leading fintech companies, offering payment acceptance solutions, merchant financing, point-of-sale systems, and digital commerce infrastructure.
The company’s transition to profitability comes amid increasing investor focus on sustainable growth and earnings visibility within the fintech sector.
While some early investors are beginning to reduce their holdings following the IPO lock-in period, Pine Labs’ improved financial performance suggests growing maturity as a publicly listed fintech company.
As India’s digital payments ecosystem continues to expand, Pine Labs remains well-positioned to benefit from increasing merchant digitisation, digital commerce adoption, and evolving payment infrastructure across the country.
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Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.