Actis offloads 2% in Pine Labs via Rs 371 Cr bulk deal; Axis MF picks up Rs 148 Cr
PE investor Actis continued its exit from merchant payments platform Pine Labs, selling 2.39 crore shares at Rs 155.17 average for Rs 371 crore. Axis Mutual Fund absorbed Rs 148 crore. Actis has now trimmed Rs 522 crore worth of holdings in recent sessions, with residual stake at 4.48%.
Actis sold ~2% in Pine Labs via BSE bulk deal for Rs 371 crore, with Axis MF buying Rs 148 crore worth. Actis has now offloaded over Rs 522 crore in recent sessions, trimming its stake in the merchant payments platform.