Actis Exits Pine Labs with Strategic Stake Sale

Private equity investor Actis has made a significant move to gradually exit from Pine Labs by disposing of approximately 2% of its stake, valued at Rs 371 crore, via a bulk deal on the BSE on Wednesday. According to BSE bulk deal information, Actis Pine Labs Investment Holdings Limited sold 2.39 crore shares in Pine Labs at an average price of Rs 155.17 each, resulting in a transaction amounting to Rs 371 crore.

Key Buyer in the Deal

Axis Mutual Fund played a pivotal role as a buyer in this transaction, acquiring 96.15 lakh shares at Rs 154 per share, totalling Rs 148 crore. The identities of other purchasers were not readily available.

Recent Transactions

This latest sale comes shortly after Actis offloaded a 0.86% stake in Pine Labs for Rs 151.6 crore through another bulk deal. Earlier, on June 19, the investor sold 98.28 lakh shares at an average price of Rs 154.25 each.

With this recent transaction, Actis has now sold Pine Labs shares amounting to over Rs 522 crore within the last few trading sessions as it continues to decrease its holdings in the enterprise.

Actis first engaged with Pine Labs in 2018, leading an $82 million investment round in the merchant commerce platform. As of March 2026, Actis retained a 4.48% stake in the company.

Pine Labs’ Financial Performance

In Q4 FY26, Pine Labs reported an impressive 17% year-on-year surge in revenue, reaching Rs 700.5 crore. Additionally, the company reported a net profit of Rs 59.4 crore, reversing from a previous loss of Rs 28.9 crore in the corresponding quarter of the last year.

Shares of Pine Labs concluded the trading session at Rs 161.25 each on the BSE on Wednesday, which established the company’s market capitalization at around Rs 18,516 crore ($1.95 billion).