India, May 22 -- Madison India Capital today offloaded 2.48 Cr shares in fintech major Pine Labs in a block deal worth Rs.356.86 Cr.

As per NSE data, the PE firm, via its Madison India Opportunities IV fund, sold the shares at Rs.144 apiece to rake in the amount. This represented a premium of 0.8% to the stock's last closing price on Friday.

The shares that flooded the market were lapped up by Franklin Templeton, HSBC Mutual Fund, ICICI Prudential, Tata Mutual Fund, Morgan Stanley, among others. Notably, HSBC Mutual Fund bought the biggest chunk of 61.73 Lakh shares for Rs.88.89 Cr.

With this, Madison India Capital has sold off nearly the entirety of its holding in the fintech company. The PE firm held 2.53 Cr shares in the listed star...