Mastercard Asia Pacific to Offload 4.3% Stake in Pine Labs in Rs 892.5 crore Block Deal

Mastercard Asia Pacific will sell up to 49.7 million shares of Pine Labs, a fintech firm, representing about 4.3% of the company’s equity, in a block deal worth roughly Rs 892.5 crore. The shares are priced at Rs 179.50 each and the secondary sale is set for September 22. The transaction will be carried out as a private placement, allowing Mastercard to off‑load a large stake without affecting the daily market price. Pine Labs, known for its payment solutions for merchants, will see the new shareholding pattern after the sale. No other investors or parties have been named for the purchase. The deal comes as the Indian market watches several large‑scale share sales this quarter.