Pine Labs Limited (PINELABS) — Corporate Action | 29 June 2026

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📢 Key Event
Pine Labs invested INR 24.99 crores in Synergistic Financial Networks via rights issue.

💡 Investor Takeaway
The investment does not alter Pine Labs' controlling stake in its subsidiary.

Pine Labs Limited invested INR 24.99 crores in 49,869 equity shares of its wholly owned subsidiary Synergistic Financial Networks Private Limited through a rights issue, maintaining existing ownership levels. The transaction closed on June 29, 2026, with no change in subsidiary shareholding percentage.

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About Pine Labs Limited (PINELABS)

Financial Services · Financial Technology (Fintech) · Listed on NSE

Market Cap: ₹17,508.92 Cr

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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