Actis offloads ₹371 Cr Pine Labs stake in second block deal post lock-in

Actis sold 2.39 Cr Pine Labs shares at ₹155.17 apiece for ₹371 Cr, its second exit tranche within a week of lock-in expiry. Axis MF absorbed ₹148 Cr. Pine Labs swung to ₹112.5 Cr FY26 profit on ₹2,710.6 Cr revenue; mcap ₹18,516 Cr.

— Source publishedWed, 24 Jun, 2026, 22:32 IST·First seen Wed, 24 Jun, 2026, 22:40 IST·Source Inc42 · Buzz

What happened

Actis sold 2.39 Cr Pine Labs shares for ₹371 Cr in a block deal at ₹155.17, its second sale within a week post lock-in expiry; Axis MF picked up ₹148 Cr worth.

Key facts

  • ₹371 Cr
  • 2.39 Cr shares
  • ₹155.17/share
  • 96.15 Lakh shares
  • ₹148 Cr
  • ₹151.6 Cr
  • 4.58% stake
  • ₹700.5 Cr Q4 revenue
  • ₹2,710.6 Cr FY26 revenue
  • ₹112.5 Cr FY26 profit
  • PT ₹245
  • mcap ₹18,515.96 Cr

Why this matters

Rapid post-lock-in PE exits via clean block deals set a useful precedent for fintech secondaries, with mutual fund participation de-risking future tranche pricing for similar IPO vintages.

What to watch

  • Third Actis block deal or bulk-deal screen prints
  • Axis MF / other AMC monthly portfolio disclosures showing Pine Labs additions
  • Block deal discounts widening beyond 3% to LTP (signals weakening demand)
  • Q2 FY26 results: take-rate, issuing revenue mix, EBITDA margin trajectory
  • PayPal / Mastercard / Madison stake actions post their respective lock-in expiries
  • Track remaining Actis stake size and likely tranche cadence
  • Map other pre-IPO holders exiting lock-in window and their cost bases
  • Watch domestic MF schemes building positions vs FII reduction
  • Model merchant-acquiring take-rate trajectory against Paytm, Razorpay competitive set

Also reported by