Acquisitions20 Jan 2026, 02:26 pm
Pine Labs Subsidiary Setu to Acquire 100% Stake in Agya Technologies
AI Summary
Pine Labs Limited's wholly owned subsidiary, Setu, has received approval from the Reserve Bank of India (RBI) to acquire a 100% stake in Agya Technologies Private Limited. Agya Technologies, an associate company of Setu, is a Non-Banking Financial Company — Account Aggregator (NBFC-AA) and holds an authorisation from the RBI. Setu plans to complete the acquisition in the near future in one or more tranches. The acquisition is subject to the publication of a public notice and the availability of the information on Pine Labs' website.
Key Highlights
- Pine Labs' subsidiary Setu to acquire 100% stake in Agya Technologies
- Agya Technologies is an associate company of Setu and a Non-Banking Financial Company — Account Aggregator (NBFC-AA)
- RBI has provided approval for the acquisition
- Setu plans to complete the acquisition in the near future
- The acquisition is subject to the publication of a public notice and the availability of the information on Pine Labs' website