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The shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors.
The stake sale attracted participation from several domestic and international institutional investors, with Axis Mutual Fund and Fidelity among the key buyers.
The latest sale follows another transaction in June, when Peak XV divested 33.33 lakh shares of Go Digit for around Rs 100 crore.
Unobanc adds to a list of strategic or acquisition deals made by Zaggle in the past years.
The latest sale comes just days after Actis offloaded another 0.86% stake in Pine Labs for about Rs 152 crore.
Before the sale, Actis held a 4.58% stake in Pine Labs as of March 2026.
The acquisition is expected to bolster its position in the fast-growing AI coding market, where rivals Anthropic and OpenAI and Anthropic have gained significant traction.
Goldman Sachs Bank Europe SE purchased the entire stake in the transaction.
Among the buyers, Aditya Birla Sun Life Mutual Fund picked up 21.66 lakh shares worth nearly Rs 65 crore.
Several institutional investors picked up the shares, including Goldman Sachs, Morgan Stanley, Societe Generale, Kotak Securities, Tata Mutual Fund and BNP Paribas.
The buyers in the transaction included SBI Mutual Fund and Nippon India Mutual Fund.
This is the second major monetisation by Madison India Capital from its decade-old investment in Pine Labs.
Goldman Sachs, Societe Generale, and Citigroup Global Markets were major participants in the block deal, collectively acquiring a 1.34% stake in Paytm.
Ribbit Capital was among the major sellers, while Peak XV continues to remain one of Groww’s largest shareholders.
Overall funding in the sector rose by just 2% to $513 million in the January-March quarter.
Kalinowski had joined OpenAI in November 2024 to develop AI-powered robotics and consumer hardware products.
As part of the partnership, Corning will supply fiber optic cables for its data center infrastructure.
As part of the deal, Hume AI’s CEO, Alan Cowen, and some of its leading engineers will join Google DeepMind.
The funding round also saw participation from prominent angel investors globally.
