Pine Labs Limited
SBI Mutual Fund bought 1,31,69,777 shares of Pine Labs Limited for ₹177.79 crore at ₹135.00 apiece in a bulk deal on May 27, 2026. This increased SBI Mutual Fund's stake to 5.0147% from 4.9938%, crossing the 5% 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's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.