India's Pine Labs files for IPO

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Pine Labs has filed for an IPO, including a fresh issue worth Rs 2,600 crore and an offer for sale of 147.8 million shares.
Proceeds will be used to repay debt and invest in subsidiaries and IT infrastructure.
Existing investors like Peak XV, PayPal, and Mastercard will offload shares.
Axis Capital, Morgan Stanley, and J.P. Morgan are among the lead bookrunners.

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