Fintech firm Pine Labs files papers with Sebi for Rs 2,600 crore IPO

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Pine Labs, a fintech firm known for its merchant payments and point-of-sale solutions, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 2,600 crore ($304 million).

As per the draft papers, the company plans to issue fresh shares amounting to Rs 2,600 crore. In addition, existing shareholders, including Peak XV Partners, PayPal, and Mastercard, will offload up to 147.8 million shares in the offer for sale.

The proceeds from the fresh issue will be used…



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Fintech firm Pine Labs files papers with Sebi for Rs 2,600 crore IPO



Pine Labs, a fintech firm known for its merchant payments and point-of-sale solutions, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 2,600 crore ($304 million).

As per the draft papers, the company plans to issue fresh shares amounting to Rs 2,600 crore. In addition, existing shareholders, including Peak XV Partners, PayPal, and Mastercard, will offload up to 147.8 million shares in the offer for sale.

The proceeds from the fresh issue will be used…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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