June 26 (Reuters) - Pine Labs Ltd:

* INDIA'S PINE LABS FILES FOR IPO - PROSPECTUS

* PINE LABS IPO: FRESH ISSUE OF SHARES WORTH 26 BILLION

RUPEES,

OFFER FOR SALE OF 147.8 MILLION SHARES

* PINE LABS IPO: PROCEEDS TO BE USED FOR REPAYMENT OF

BORROWINGS,

INVESTMENT IN UNITS, IT ASSETS

* PINE LABS IPO: PEAK XV, PAYPAL,MASTERCARD AMONG EXISTING

SHAREHOLDERS SELLING STAKE

* PINE LABS IPO: AXIS CAPITAL, MORGAN STANLEY, J.P. MORGAN

AMONG

BOOKRUNNERS

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