Pine Labs infuses ₹24.99 crore into subsidiary SFNPL to fund D2C and checkout expansion
Payment rail Pine Labs pumped ₹24.99 crore into wholly owned subsidiary SFNPL via a rights issue of 49,869 equity shares for working capital and expansion. The move reinforces its e-commerce checkout push following the earlier ₹88 crore Shopflo acquisition, which serves 1,000+ brands and 60 million customers.
Payment rail Pine Labs infused ₹24.99 crore into wholly owned subsidiary SFNPL via rights issue for working capital and expansion, reinforcing its D2C and e-commerce checkout push following its earlier ₹88 crore Shopflo acquisition.
Why this matters
The capital injection follows Pine Labs' ₹88 crore Shopflo buy and comes amid stock action, including a recovery rally eyeing ₹200 and Actis offloading a ₹371 crore stake in a block deal post lock-in.
Retail-company signals held steady with 4,076 signals over the past 90 days.