Pine Labs Completes Acquisition of 100% Stake in Shopflo Technologies
Pine Labs Limited has announced the completion of the acquisition of a 100% stake in Shopflo Technologies Private Limited. The acquisition, which follows previous internal approvals by the company's Board of Directors, was finalized on June 10, 2026.The acquisition involved Pine Labs purchasing shares from the existing shareholders of Shopflo. Following the successful completion of the transaction, Shopflo Technologies has officially become a wholly owned subsidiary of Pine Labs Limited as of the date of completion.
This strategic move solidifies Shopflo's status under Pine Labs’ ownership structure.
PINELABS Stock Price Movement
Pine Labs Limited shares today slipped by 1.45% to settle at ₹150.32, shedding ₹2.21 in after-hours trading. The stock saw heavy activity during the session, with over 44.5 million shares transacted.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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