UK-based private equity firm Actis offloaded 98.28 lakh shares of fintech company Pine Labs in a block deal worth ₹151.6 crore, according to NSE data. The shares were sold at ₹154.25 apiece, 1.3% higher than the stock’s closing price of ₹152.30 on the day of the transaction. This marks the third institutional stake sale in Pine Labs within the past month.
Actis, which acquired its stake in Pine Labs in 2018 by leading an $82 million funding round, executed the sale through its holding entity Actis Pine Labs Investment Holdings. The buyer’s identity has not been disclosed. Earlier, Madison India sold 2.48 crore shares on May 22, and Invesco trimmed its stake worth ₹115.1 crore. Actis had last sold shares worth ₹194.7 crore during Pine Labs’ IPO in November 2025.
The recent bulk deals follow the expiry of the lock-in period for Pine Labs’ shares. Despite the stock facing pressure with a 35% decline year to date, the company’s financials have shown improvement. Pine Labs posted a consolidated net profit of ₹59.4 crore in Q4 FY26 compared to a loss of ₹28.9 crore in the same quarter last year, with operating revenue rising 15% year on year to ₹700.5 crore.
As of March 31, 2026, Actis still held 2.14 crore shares, representing a 1.86% stake in Pine Labs. The company reported its first profitable full fiscal year in FY26, marking a significant financial milestone.