Actis Exits Pine Labs With ₹152 Cr Block Deal, Third Institutional Sell-Off In A Month
Actis offloaded 98.28 lakh Pine Labs shares at ₹154.25 apiece, trimming residual holding to 1.86%. The post-lock-in exit follows similar moves by Madison India and Invesco, with the stock down 35% YTD even as Pine Labs swung to a maiden FY26 profit of ₹112.5 Cr on ₹2,710.6 Cr revenue.
What happened
Actis sold 98.28 lakh Pine Labs shares for ₹151.6 Cr via block deal post lock-in expiry, the third institutional exit in a month. Stock down 35% YTD despite
Key facts
- ₹151.6 Cr
- 98.28 Lakh shares
- ₹154.25/share
- 1.86% residual stake
- ₹2,710.6 Cr FY26 revenue
- ₹112.5 Cr FY26 PAT
Why this matters
Serial PE/FI block exits at ₹154.25 are resetting Pine Labs' fintech comp benchmarks lower, creating a cheaper reference point for any payments-stack M&A or strategic stake conversations.