Investment7 Nov 2025, 10:20 am
Saraswati Commercial India Ltd to Invest Rs. 15 Crore in Pine Labs Limited IPO
AI Summary
Saraswati Commercial (India) Limited, a NBFC Company, has agreed to invest in the Initial Public Offering of Equity Shares of Pine Labs Limited. The Company has subscribed to 6,78,777 equity shares at a price of Rs. 221 per share, amounting to a total investment of Rs. 15,00,09,717 (Rupees Fifteen Crore Nine Thousand Seven Hundred Seventeen Only) under the Anchor Investor category. Pine Labs Limited is a leading Indian merchant commerce platform that provides point-of-sale (POS) solutions, payment processing, and merchant financing services.
Key Highlights
- Saraswati Commercial (India) Limited to invest Rs. 15 crore in Pine Labs Limited IPO
- Company to subscribe to 6,78,777 equity shares at a price of Rs. 221 per share
- Pine Labs Limited is a leading Indian merchant commerce platform
- Investment will exceed 2% of net worth as per SEBI regulations
- Investment to be made in cash