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 Pine Labs shares, representing 4.3% of the fintech company, through a Rs 892.5 crore block deal. Priced at Rs 179.50 per share, the secondary sale is scheduled for September 22.
Mastercard Asia Pacific may divest up to 4.3% of its stake in fintech company Pine Labs through a block deal valued at around Rs 892.5 crore, according to reports. The proposed transaction, structured as a 100% secondary sale, could result in Mastercard Asia Pacific selling approximately 49.7 million shares of Pine Labs.
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