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Pine Labs Allotted 2.3 Cr Shares To CEO Amrish Rau Ahead Of IPO

  • Fintech major Pine Labs allotted 2.32 Cr shares to CEO Amrish Rau under its second ESOP Plan.
  • The company's DRHP disclosed additional shares to be granted to Rau and other key personnel.
  • Rau plans to sell 18.15 Lakh shares post IPO, while ex-CFO Mathenz aims to offload 14.68 Lakh shares.
  • Pine Labs filed for its IPO to raise up to 2,600 Cr, with investors including Peak XV Partners and PayPal selling shares.

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