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).

— Filed Wed, 27 May, 2026, 20:11 IST · Source Inc42 · Buzz · Updated

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 India's ₹357 Cr sale. Pine Labs reported first full-year profit of ₹112.5 Cr in FY26.

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