Madison India nearly exits Pine Labs in ₹357 Cr block deal as mutual funds absorb supply

Madison India Capital sold 2.48 Cr Pine Labs shares at ₹144 apiece, raising ₹357 Cr in a near-full exit post lock-in expiry. HSBC MF picked up 61.73 Lakh shares (₹88.89 Cr); Franklin, ICICI Pru and Tata MF also absorbed stock. Shares hit a post-IPO low of ₹141.05, closing -3.71% at ₹142.8 despite Q3 swing to ₹42.4 Cr profit on 24% YoY revenue growth.

Madison India Capital sold 2.48 Cr Pine Labs shares at ₹144 apiece, raising ₹357 Cr in a near-full exit post lock-in expiry. HSBC MF picked up 61.73 Lakh shares

Inc42 · Buzz · 5/22/2026, 4:59:56 PM · Ask about this →

Pine Labs + Franklin Templeton + HSBC Mutual Fund + ICICI Prudential + Madison India Capital + Morgan Stanley + Tata Mutual Fund +