India, Sept. 2 -- On a selling spree, Alpha Wave has now offloaded more than 3.5 Cr shares of fintech Pine Labs via a series of block deals today, as per NSE data.

The investment firm, via its holding entity Alpha Wave Ventures II, offloaded 3.54 Cr shares of Pine Labs in a block deal at an average transaction price of Rs.155.10 per share, a discount of around 4.4% to the stock's closing price today.

By selling nearly 3.1% stake in the fintech major, Alpha Wave netted Rs.550 Cr via the transaction.

Alpha Wave held 3,59,42,015 shares of Pine Labs as of the end of the June quarter. Post today's sale, it would be left with just 4.9 Lakh shares.

ICICI Prudential Life Insurance picked up a higher volume of the shares that hit the market co...