Pine Labs Limited

Franklin Templeton Global entered Pine Labs Limited with 1,23,83,555 shares, a 1.07% stake, worth ₹189.66 Cr at ₹153.17 apiece.

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.