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The Economic Times
The Economic Times
Business
Kumar Gaurav

Pine Labs block deal: Mastercard Asia may divest 4.3% equity worth Rs 892 crore

Pine Labs Mastercard Kumar Gaurav NSE fintech SEBI

Mastercard Asia Pacific may sell up to 49.7 million shares, representing approximately 4.3% of fintech company Pine Labs, through a block deal worth up to Rs 892.5 crore, according to reports.

The floor price for the proposed deal has been set at Rs 179.50 per share, a discount of about 7.3% to Pine Labs’ previous closing price on the NSE.

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