Pine Labs block deal: Mastercard Asia-Pacific to sell entire stake worth nearly ₹890 crore: Report

India

What to know

  • Mastercard will liquidate its holdings in Pine Labs through a ₹890 crore deal, offering shares at ₹179.50 on 22 September. This action coincides with Pine Labs' stock recovery and profit growth from increased digital payment adoption and UPI usage in India.S1
  • The floor price represents a 7.33% discount to Pine Labs' previous closing price of Rs 193.70 per share.S2
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Pine Labs block deal: Mastercard Asia-Pacific to sell entire stake worth nearly ₹890 crore: Report

Mastercard will liquidate its holdings in Pine Labs through a ₹890 crore deal, offering shares at ₹179.50 on 22 September. This action coincides with Pine Labs' stock recovery and…

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Pine Labs Block Deal: Mastercard Asia-Pacific To Exit With Rs 890-Crore Stake Sale

The floor price represents a 7.33% discount to Pine Labs' previous closing price of Rs 193.70 per share.

Pine Labs block deal: Mastercard Asia-Pacific to sell entire stake worth nearly ₹890 crore: Report

2 outlets 2 reports

What to know

  • Mastercard will liquidate its holdings in Pine Labs through a ₹890 crore deal, offering shares at ₹179.50 on 22 September. This action coincides with Pine Labs' stock recovery and profit growth from increased digital payment adoption and UPI usage in India.S1
  • The floor price represents a 7.33% discount to Pine Labs' previous closing price of Rs 193.70 per share.S2
Timeline · newest first

Sources · 2 citations

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