Mastercard Sells Pine Labs Stake in Block Deal

Economic Times Markets · stocks

Pine Labs shares rose over 2% to Rs 925 on Tuesday following a block deal involving 4.97 crore shares worth Rs 934 crore. Mastercard Asia Pacific reportedly offloaded approximately 4.3% of its stake in the fintech company. The transaction, with a floor price of Rs 179.50 per share, was facilitated by Citigroup Global Markets India Private Limited. This secondary sale represents a significant portion of Mastercard's disclosed holding in Pine Labs.