Invesco Developing Markets Fund has acquired stake in Pine Labs through an open market deal worth around Rs 115.11 crore. Invesco Developing Markets Fund has acquired around 78.86 lakh equity shares of the company at an average price of Rs 145.97 apiece.
Pine Labs offers a merchant platform that includes technology and financial solutions for merchants. The company also leverages technology and domain expertise for merchants of all sizes helping them to thrive in the changing global marketplace.
