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The Economic Times
The Economic Times
Business
Veer Sharma

Pine Labs shares rise after Rs 934 crore block deal; Mastercard likely sells stake

Pine Labs Motilal Oswal DITP Veer Sharma SEBI

Shares of Pine Labs gained over 2% to their day's high of Rs 925 on the BSE on Tuesday after 4.97 crore shares worth Rs 934 crore changed hands in a block deal at Rs 188 apiece.

Mastercard Asia Pacific was looking to offload about 49.7 million shares of fintech company Pine Labs in a block deal valued at up to Rs 892.5 crore, according to reports. The proposed sale represents around 4.3% of Pine Labs.

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