Economy, Banking and Finance · 26 September 2026
Mastercard Completes Full Exit From Pine Labs, Offloads 4.31% Holding for Rs 933 Crore on BSE
Exam-focused facts from the 26 September 2026 current affairs briefing.
Key facts
- Mastercard, through its affiliate Mastercard Asia/Pacific Pte Ltd, sold its entire 4.31 per cent stake in Noida-based fintech firm Pine Labs for Rs 933.57 crore via 13 block deals on the BSE.
- The transaction involved 4,97,24,182 shares offloaded at an average price of Rs 187.75 apiece.
- Mutual funds managed by Kotak Mahindra, Edelweiss and Franklin Templeton, along with ICICI Prudential Life Insurance Company, bought the shares at the same price.
- Foreign investors including Goldman Sachs, Morgan Stanley, Citigroup Global Markets Singapore, BNP Paribas Arbitrage and Societe Generale were among the buyers.
- Shares of Pine Labs rose 2.07 per cent to close at Rs 197.55 apiece on the BSE.
- In June 2026, Actis, part of global growth investor General Atlantic, divested a little over 2 per cent stake in Pine Labs for Rs 371 crore and earlier sold nearly 1 per cent stake for Rs 152 crore.