Pine Oak decreased its stake in MOS Utility from 7.16% to 3.47%, selling 9,508,000 shares. This reduced its holding from 18,432,000 shares to 8,924,000 shares. The value of the sold shares is approximately ₹10.13 Cr based on the share price of ₹10.65.
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.