Pine Labs Completes ₹13.9 Cr Acquisition of NBFC-AA Agya Technologies

Pine Labs Limited (BSE: 544606, NSE: PINELABS) announced that its wholly-owned subsidiary, BrokenTusk Technologies Private Limited (Setu or BTPL), has acquired 100% stake in Agya Technologies Private Limited on February 20, 2026, for ₹13.9 crore in cash.

Agya Technologies (incorporated April 26, 2021, in Karnataka), an RBI-authorized Non-Banking Financial Company - Account Aggregator (NBFC-AA), specializes in online financial account aggregation. It had nil turnover for FY23-FY25 and paid-up capital of ₹1.34 lakh. BTPL increased its prior 25.40% stake (9,540 shares) to full ownership by acquiring the remaining 10,000 shares.

The arm's-length related party transaction, approved by RBI on January 16, 2026, makes Agya a step-down subsidiary, enhancing Pine Labs' fintech ecosystem with account aggregation capabilities.

Shares of Pine Labs Limited was last trading in BSE at Rs. 202.05 as compared to the previous close of Rs. 207.30. The total number of shares traded during the day was 1075898 in over 1970 trades.

The stock hit an intraday high of Rs. 211.75 and intraday low of 201.15. The net turnover during the day was Rs. 220773408.00.

Source : Equity Bulls

Keywords

PineLabs INE15B701018 Fintech BrokenTuskTechnologies Acquisition AgyaTechnologies