Pine Labs Limited has informed the Exchange about General Updates
PINELABS · price
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Pine Labs' wholly owned subsidiary BrokenTusk Technologies Private Limited (Setu) has completed the acquisition of the remaining 74.60% stake in Agya Technologies, taking its holding to 100% for a cash consideration of Rs 13.9 crore. Agya Technologies holds an RBI authorization to operate as an NBFC-Account Aggregator, dealing in online financial information aggregation. Agya Technologies had zero revenue over the last three financial years and a paid-up capital of just Rs 1.34 lakh. RBI approval for the acquisition was received on January 16, 2026, and the transaction is classified as a related party deal done at arm's length.
Agya Technologies will become a step-down wholly owned subsidiary of Pine Labs, expanding its fintech footprint into the account aggregator space. However, with negligible turnover and a small acquisition price relative to Pine Labs' size, the immediate financial impact is likely limited and primarily strategic rather than earnings-accretive in the near term.