Pine Labs: ₹500 Cr shares unlock today as lock-in ends

• Pine Labs shares worth nearly ₹500 crore (2% outstanding) are free for trade today as a shareholder lock-in ends.
• A second lock-in ends on December 12, freeing 39.7 million shares (3% outstanding) worth ₹984 crore.
• In its first quarterly results, Pine Labs reported 92% GTV growth to $48.2 billion and 44% transaction growth.
• Net profit was ₹6 crore, with adjusted EBITDA at ₹122 crore, partly due to a 28% drop in ESOP expenses.
• Pine Labs shares closed 2.1% higher last Friday, trading 15% above their IPO price.

Why It Matters: Pine Labs' lock-in expiry frees shares, potentially influencing its stock price.