Pine Labs Limited (PINELABS)
Acquisition
Investment in wholly owned subsidiary Synergistic Financial Networks Private Limited (SFNPL)
- Investment amount: INR 24.99 Cr via subscription to Rights Issue
- SFNPL remains wholly owned subsidiary; no change in shareholding percentage
- SFNPL business: financial transaction facilitation, payment processing, technology solutions
- Turnover FY26: INR 189.75 Cr
- Investment to fund working capital, growth, and step-down subsidiaries
- Transaction completed on October 21, 2026
- Consideration: cash
Source: Original filing PDF
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🚨 PINELABS — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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