StartupsInc42about 2 hours ago
Mastercard Exits Pine Labs in ₹934 Cr Bulk Deal
4 min read
Mastercard sold its entire 4.31% stake in Pine Labs on Tuesday, offloading 4.97 Cr shares at ₹187.75 each for ₹933.6 Cr at a 5% discount. ICICI Prudential, Societe Generale and Citi led buyers. The exit follows Mastercard's November 2025 IPO share sale and adds to early backer sell-downs despite a 25% monthly rally.
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