Exim Routes
Pine Oak sold 7,64,800 shares of Exim Routes for ₹10.54 Cr at ₹137.84 apiece in a bulk deal.
A global platform that facilitates the exchange of recyclable paper materials and services to Indian paper mills, Exim Routes operates as a key intermediary in the paper industry supply chain. Incorporated in 2019, the company connects suppliers of waste paper with mills across India, enabling efficient sourcing of raw materials for paper production. Its distinctive role lies in streamlining cross-border trade of recyclable paper commodities and supporting sustainable practices in the Indian paper sector.
Pine Oak Global Fund is a foreign portfolio investor that acts as an anchor investor in Indian SME IPOs. It has invested across sectors such as logistics, textiles, infrastructure, pharmaceuticals, and solar.