Altimeter trims Pine Labs stake in ₹211 Cr block; SBI, Nippon MFs absorb supply

Altimeter Capital sold 1.56 Cr Pine Labs shares at ₹135.21 — second major PE exit in a week after Madison India's ₹357 Cr offload. SBI MF picked up 1.32 Cr shares (₹177.79 Cr); Nippon added 70 lakh (₹94.50 Cr). Pine Labs posted maiden full-year profit of ₹112.5 Cr on FY26 revenue of ₹2,710.6 Cr (+19% YoY).

— Source publishedWed, 27 May, 2026, 20:09 IST·First seen Wed, 27 May, 2026, 20:10 IST·Source Inc42 · Buzz

What happened

Altimeter Capital partially exited Pine Labs via a ₹211 Cr block deal, selling 1.56 Cr shares to SBI and Nippon MFs. Second major exit in a week after Madison

Key facts

  • ₹211.08 Cr block deal
  • 1.56 Cr shares at ₹135.21
  • SBI bought 1.32 Cr shares (₹177.79 Cr)
  • Nippon bought 70 Lakh shares (₹94.50 Cr)
  • Q4 FY26 profit ₹59.4 Cr
  • FY26 revenue ₹2,710.6 Cr (+19% YoY)
  • FY26 profit ₹112.5 Cr

Why this matters

Pine Labs' ownership rotation from growth-stage PE to long-only domestic MFs marks the post-IPO maturation phase — a template worth tracking for fintech M&A pricing and exit liquidity benchmarks.

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