International payments firm Mastercard has exited Pine Labs after its Asia-Pacific arm offered its whole 4.31% stake within the fintech firm for Rs 933.57 crore.

Mastercard Asia/Pacific Pte. Ltd. offered 4,97,24,182 Pine Labs shares in 13 block-deal tranches on the BSE on Tuesday, 22 September, in accordance with alternate knowledge.

The shares have been offered at Rs 187.75 every. Mastercard’s holding represented 4.31% of Pine Labs’ paid-up fairness and matched the complete stake disclosed by the corporate as of 30 June 2026.

The shares have been acquired by 13 home and international institutional investors.

ICICI Prudential Life Insurance coverage Firm Restricted was the most important purchaser, buying 93.1 lakh shares for about Rs 174.8 crore.

Societe Generale purchased 87.7 lakh shares for about Rs 164.65 crore, whereas Citigroup International Markets Singapore Pte Restricted acquired 66.7 lakh shares for about Rs 125.22 crore.

The opposite patrons have been Ghisallo Grasp Fund LP, BNP Paribas Arbitrage, NRSGVCC, Goldman Sachs Financial institution Europe SE, Susquehanna Pacific Pty Ltd, Kotak Mahindra Mutual Fund, Morgan Stanley Asia Singapore Pte, Edelweiss Mutual Fund, RAMS Equities Portfolio Fund and Franklin Templeton Mutual Fund.

Deal executed above flooring worth

Earlier than the transaction, Mastercard had provided to promote about 4.97 crore Pine Labs shares at a flooring worth of Rs 179.50 every.

The ground worth was about 7.3% beneath Pine Labs’ earlier NSE closing worth of Rs 193.70 and may have valued the proposed sale at roughly Rs 892.5 crore.

The shares have been finally offered at Rs 187.75 every, taking the ultimate transaction worth to Rs 933.57 crore.

The transaction was a secondary share sale, that means the shares modified palms between Mastercard and the institutional patrons somewhat than Pine Labs issuing new fairness.

Mastercard’s exit follows different massive secondary transactions involving current Pine Labs traders in current months.

On 2 September, Alpha Wave Ventures II LP sold about 3.54 crore Pine Labs shares, representing 3.07% of the corporate’s paid-up fairness, for Rs 549.92 crore. The shares have been offered at Rs 155.10 every.

Alpha Wave Ventures II held a 3.11% stake in Pine Labs as of June 2026, that means the transaction represented most of its disclosed holding.

Actis Pine Labs Funding Holdings Restricted had additionally offered shares in two transactions in June.

It offered 98.28 lakh shares for about Rs 151.60 crore on 19 June, adopted by the sale of about 2.39 crore shares for Rs 371 crore on 24 June. The 2 transactions have been value a mixed Rs 522.6 crore.

The Mastercard transaction comes after brokerage Motilal Oswal Monetary Companies initiated protection of Pine Labs with a Purchase ranking and a goal worth of Rs 250.