Fintech agency Pine Labs is shifting to totally consolidate its possession of RBI-licensed account aggregator Agya Applied sciences, following regulatory approval from the Reserve Financial institution of India for its fintech infrastructure arm, Setu, to accumulate the remaining stake within the firm.

In a regulatory submitting, Pine Labs mentioned the RBI has permitted BrokenTusk Applied sciences Non-public Restricted, which operates beneath the Setu model, to extend its shareholding in Agya Applied sciences Non-public Restricted to 100%.

Agya Applied sciences presently operates as an affiliate firm of Setu and holds an authorisation from the RBI to perform as a Non-Banking Monetary Firm – Account Aggregator (NBFC-AA), a regulated entity inside India’s monetary data-sharing framework.

Pine Labs already holds round a 25% stake in Agya Applied sciences. With the newest approval in place, Setu plans to accumulate the stability fairness within the close to time period. The corporate mentioned the transaction could also be accomplished in a number of tranches, in step with regulatory necessities.

As mandated beneath the Reserve Financial institution of India (Non-Banking Monetary Corporations – Acquisition of Shareholding or Management) Instructions dated November 28, 2025, Pine Labs mentioned a public discover relating to the acquisition will probably be printed individually in each native and nationwide newspapers.

The consolidation of Agya Applied sciences comes at a time when Pine Labs has been strengthening its regulatory and funds footprint. The corporate just lately secured all three digital cost licences issued by the RBI, overlaying offline funds, on-line service provider funds, and cross-border transactions. These approvals allow Pine Labs to supply a full spectrum of digital cost companies throughout a number of service provider touchpoints.

On the monetary entrance, Pine Labs reported income of Rs 650 crore in Q2 FY26, up from Rs 551 crore in the identical quarter final 12 months. The corporate additionally posted a internet revenue of Rs 6 crore through the quarter, in contrast with a internet lack of Rs 32 crore in Q2 FY25.