New Delhi, Sept. 22 -- Pine Labs shares were volatile in morning trade on Tuesday, 22 September, amid a likely block deal by Mastercard Asia-Pacific, which reportedly sold its entire stake in the company.

Pine Labs share price opened at Rs.195.25 against its previous close of Rs.193.55 and dropped nearly 1% to an intraday low of Rs.191.60 on the BSE. However, the stock soon erased its losses and jumped nearly 4% to an intraday high of Rs.201.20. Around 9:35 AM, the stock was 3.64% up at Rs.200.60 on the BSE.

According to reports, Mastercard Asia Pacific was to sell up to 4.97 crore shares, or around 4.3% of Pine Labs, through a block deal valued at up to Rs.892.5 crore. The floor price for the transaction was fixed at Rs.179.50 per shar...