Pine Labs has invested ₹24.99 crore into its wholly owned subsidiary Synergistic Financial Networks through a rights issue to meet working capital requirements and support future expansion plans. According to reports from Business Standard, the company acquired 49,869 equity shares pursuant to this rights issue. The investment will help the fintech subsidiary meet its operational needs while positioning for growth initiatives.
Synergistic Financial Networks operates as a fintech company under the Pine Labs umbrella, facilitating transactions through its systems infrastructure including payment processing and providing end-to-end technology-integrated solutions. As reported by Business Standard, the company also sells transaction-related infrastructure. The subsidiary will continue to remain a wholly owned entity with no change in Pine Labs' shareholding percentage.
Synergistic Financial Networks reported ₹189.7 crore in revenue for financial year 2025-26 (FY26), representing a 4.3% decline from ₹198.39 crore in FY25. According to the exchange filing reported by Business Standard, the fintech company was incorporated in 2008 and continues to operate as a wholly owned subsidiary of Pine Labs.
In April this year, Pine Labs acquired checkout optimisation platform Shopflo for ₹88 crore as part of its strategy to deepen engagement with direct-to-consumer (D2C) merchants. As reported by Business Standard, Shopflo had more than 1,000 online e-commerce brands processing transactions for 60 million customers. The platform is engaged in the development, deployment, operation and commercialisation of a D2C checkout platform, offering engine and e-commerce enablement services.
As of June 29, 2026, Pine Labs Limited shares are trading at ₹158.51, representing a decline of ₹1.56 from the previous closing price. The stock has a market capitalization of ₹18,201.30 crore with a 52-week high of ₹284 and low of ₹134.73. The company's PE ratio stands at 122.14 and PB ratio at 55.36 as of the latest trading session.
