Pine Labs block deal: Mastercard Asia may divest 4.3% equity worth Rs 892 crore

Mastercard Asia Pacific may sell up to 49.7 million shares, representing approximately 4.3% of fintech company Pine Labs, through a block deal worth up to Rs 892.5 crore, according to reports.

The floor price for the proposed deal has been set at Rs 179.50 per share, a discount of about 7.3% to Pine Labs’ previous closing price on the NSE.

As of June 30, 2026, Mastercard Asia Pacific held 49,724,182 shares, representing a 4.31% stake in Pine Labs, according to exchange data. The proposed sale of up to 49.7 million shares is broadly equivalent to the entire stake disclosed by Mastercard Asia/Pacific as of that date.