India, May 27 -- US-based venture capital firm Altimeter Capital has offloaded 1.56 Cr shares in fintech major Pine Labs in a block deal worth Rs.211.08 Cr.

As per BSE data, the VC firm, via its holding entity Altimeter Growth Partners Fun III LP, sold the shares at Rs.135.21 apiece. The block deal was sealed at a price 7% lower than the stock's closing price today (Rs.145.80)

The shares were lapped up by SBI Mutual Fund and Nippon India Mutual Fund. While SBI bought 1.32 Cr shares worth Rs.177.79 Cr, Nippon India bought 70 Lakh shares for Rs.94.50 Cr.

This marks the second major block deal within a week. On May 22, Pine Labs' early backer Madison India Capital offloaded 2.48 Cr shares in a block deal worth Rs.356.86 Cr. Franklin Templ...