Setu gets RBI nod to acquire 100% in Agya Technologies

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

PINELABS · price

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Price reactionminutes from the announcement price · days from the prior close

-4.8%Reaction day

₹241.00

prior close

₹232.04

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-2.7%-2.1% vs market

Financial Technology (Fintech) peers, median of 8sector-2.6%-2.2% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Smallcap 250 and 2.2 pts less than its Financial Technology (Fintech) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.6

15m

-0.9

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.8-2.7-2.1-2.6-2.2

Next day

-0.4-3.4+3.0-5.3+4.9

+0.1-2.5+2.7-4.9+5.0

-1.7-4.4+2.8-4.5+2.8

-5.1-4.2-0.8-7.5+2.4

-3.9-2.4-1.5-5.1+1.1

-5.0-1.6-3.4-4.7-0.3

15d

-13.9+2.2-16.0-3.0-10.8

-15.8-0.4-15.4-9.3-6.5

-31.2-7.7-23.6-17.8-13.5

-19.3+2.2-21.5-10.0-9.3

UpDownMarket · Nifty Smallcap 250Sector · Financial Technology (Fintech) peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Pine Labs wholly owned subsidiary Setu has received RBI approval to acquire full 100% stake in Agya Technologies, which is currently an associate of Setu. Agya Technologies holds an NBFC-Account Aggregator licence from RBI. Setu plans to complete the acquisition in the near future in one or more tranches. A public notice will be published as required by RBI rules.

Likely market impact

Brings Agya Technologies fully under Pine Labs group control via Setu, strengthening its fintech and financial data aggregation presence.