Pine Labs Shares Decline Amid Reported Mastercard Stake Sale

Pine Labs shares dropped nearly 1% in early BSE trading on Tuesday following reports of a block deal by Mastercard Asia-Pacific.

Mastercard reportedly planned to sell its entire 4.31% stake of up to 4.97 crore shares at a floor price of ₹179.50 per share.

The block deal was valued at up to ₹892.5 crore, reflecting a 7.3% discount to the previous closing price on the NSE.