Franklin Templeton Global trimmed its stake in Pine Labs Limited from 1.07% to 1.05%, selling 2,50,996 shares.
A leading Indian merchant commerce platform, Pine Labs provides point-of-sale solutions, payment processing, and merchant financing services to businesses across the country. The company operates a comprehensive ecosystem that enables merchants to accept digital payments, manage transactions, and access financial services. Its integrated approach combines technology infrastructure with financial offerings, serving as a critical player in India's digital commerce and payments landscape.
Franklin Templeton is a global investment manager listed in the United States (NYSE: BEN). Its offshore Templeton funds invest in Indian and emerging-market equities through the foreign portfolio investor route.
