Pine Labs Limited
American Funds (Capital Group), which previously held a 1.49 percent stake in Pine Labs Limited, no longer appears on the company's disclosed shareholder list, indicating either a complete sale or a reduction in its holding to below the 1 percent disclosure threshold.
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.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.