Pine Labs Limited
Franklin Templeton Global bought 1,42,656 shares of Pine Labs Limited for ₹2.05 Cr at ₹144.00 apiece in a block deal.
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.