Payment solutions firm Pine Labs nabs $102m from Singapore parent

Photo: Reuters

Point-of-sale (POS) payment solutions company Pine Labs has secured Rs 707 (about $102 million) crore in fresh infusion from its Singapore-headquartered parent Pine Labs Pte Ltd, shows the company’s filings with the Registrar of Companies (RoC).

As part of the investment, the parent company has been allotted 2,35,78,605 equity shares of face value of Rs1 each issued at a premium of Rs299.

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