Actis sells additional stake in Pine Labs worth Rs 371 crore (opens in new tab)

Private equity firm Actis has further reduced its holding in Pine Labs, selling nearly a 2% stake worth Rs 371 crore through a bulk deal on the BSE, extending a wave of exits by pre-IPO investors after the expiry of the company's mandatory six-month post-listing lock-in period.Actis sold around 2.39 crore shares at an average price of Rs 155.17 apiece. Axis Mutual Fund emerged as one of the key buyers, acquiring more than 96 lakh shares at Rs 154 each in a transaction valued at nearly Rs 148 ...