On May 13, shares of Pine Labs, a global fintech player, dropped by 10.97%, closing at ₹167.10 on the Bombay Stock Exchange (BSE). This decline comes as approximately 923.6 million shares, representing nearly 80% of the company's outstanding equity, became eligible for trading following the expiry of the six-month IPO lock-in period. Pine Labs debuted on the stock market on November 14, 2025, after raising ₹3,900.17 crore through its initial public offering (IPO). Currently, the shares are trading 31% below their listing price of ₹242. During the trading session, nearly 5.2 million equity shares worth around ₹90 crore changed hands. Meanwhile, Pine Labs announced a partnership with GCash for Business, aimed at enhancing merchant acquisition and integrating various digital payment solutions in the Philippines. Dheeraj Chowdhry, the Chief Business Officer for Southeast Asia at Pine Labs, emphasized the partnership's role in providing smarter payment flows and value-added services to local merchants.