Pine Labs Limited
Marshall Wace decreased its stake in Pine Labs by selling 357,674 shares, reducing its holding from 1.49% to 1.45%. At a share price of ₹157.54, the transaction was valued at approximately ₹5.64 Cr. Marshall Wace had previously participated in funding rounds for Pine Labs in 2021.
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.
London-based hedge fund founded in 1997 by Paul Marshall and Ian Wace. Manages over USD 64 billion using a mix of systematic (TOPS) and fundamental long-short equity strategies.