Mastercard exits Pine Labs with ₹934 Cr bulk deal

Mastercard has sold its entire 4.31% stake in Pine Labs for ₹933.6 Cr through a bulk deal, offloading 4.97 Cr shares at ₹187.75 apiece. ICICI Prudential, Societe Generale and Citi were among the institutional buyers. It is Mastercard's second major stake sale since Pine Labs' November 2025 IPO.

• Mastercard sold 4.97 Cr Pine Labs shares at ₹187.75 each
• The ₹933.6 Cr deal was priced at a 5% discount to close
• ICICI Prudential bought 93.1 Lakh shares, Societe Generale 87.7 Lakh
• Mastercard first invested in Pine Labs in 2020 and sold part at IPO