Pine Labs End First Trading Session 14% Above Issue Price

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SUMMARY

Pine Labs’ shares made a strong market debut on the bourses, listing 9.5% above the issue price at INR 242 apiece on the BSE as well as the NSE

The company’s shares closed the first trading session at INR 251.30 apiece on the BSE, up 13.7% from the issue price of INR 221

Investors including Peak XV Partners, Actis, Temasek, Madison India, Sofina Ventures, and Altimeter offloaded their stake via the OFS

Update | November 12, 17:03 IST

Shares of Pine Labs rose following their listing and touched an intraday high of…



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Pine Labs End First Trading Session 14% Above Issue Price


SUMMARY

Pine Labs’ shares made a strong market debut on the bourses, listing 9.5% above the issue price at INR 242 apiece on the BSE as well as the NSE

The company’s shares closed the first trading session at INR 251.30 apiece on the BSE, up 13.7% from the issue price of INR 221

Investors including Peak XV Partners, Actis, Temasek, Madison India, Sofina Ventures, and Altimeter offloaded their stake via the OFS

Update | November 12, 17:03 IST

Shares of Pine Labs rose following their listing and touched an intraday high of…



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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