Mastercard exits Pine Labs by selling 4.31% stake for Rs 933.57 crore
- Mastercard Asia Pvt. Ltd. sold its entire 4.31% stake in Pine Labs for Rs 933.57 crore on 22 September.
- The sale involved 4,97,24,182 shares, which were sold in 13 block-deal tranches at Rs 187.75 each on the BSE.
- According to exchange data, ICICI Prudential Life Insurance was the largest buyer, acquiring 93.1 lakh shares for Rs 174.8.
- Mastercard's initial floor price was Rs 179.50, but the shares were ultimately sold at Rs 187.75 each.
Source: indianstartupnews.com
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