Mastercard to Exit Pine Labs Through $93 Million Block Deal

Mastercard Inc. plans to sell up to 49.7 million shares in Pine Labs through a block deal valued at up to ₹893 crore ($93 million).

The offered shares represent approximately 4.3 percent of the company's total outstanding equity, marking Mastercard's complete exit from the firm.

Shares were offered at a floor price of ₹179.50 each, reflecting a 7.3 percent discount to the closing price on the National Stock Exchange.