Pine Oak bought 50 lakh shares of MOS Utility for ₹4.75 Cr at ₹9.50 apiece in a bulk deal.
A fintech company that provides a Unified Open API and Wallet platform for digital financial transactions and payments. MOS Utility, incorporated in 2009, enables seamless integration and payment processing across multiple channels and business verticals. The company distinguishes itself through its open architecture approach, allowing businesses to connect diverse financial services, manage digital wallets efficiently, and streamline customer transactions.
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.