Pine labs block deal, Sept. 22 -- Mastercard Asia Pacific may sell up to 49.7 million shares, or around 4.3% of fintech firm Pine Labs, through a block deal valued at up to Rs.892.5 crore, according to reports.

The floor price for the transaction has been fixed at Rs.179.50 per share, representing a discount of approximately 7.3% to Pine Labs' previous closing price on the NSE.

Exchange data showed that Mastercard Asia Pacific held 49,724,182 Pine Labs shares, equivalent to a 4.31% stake, as of June 30, 2026. The proposed sale of up to 49.7 million shares is therefore broadly in line with its entire disclosed holding in the company.

The transaction is a 100% secondary sale, with Mastercard Asia Pacific identified as the selling shareho...