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Mastercard Asia/Pacific Pte. Ltd. is set to exit its entire holding in Pine Labs through a block deal worth nearly ₹890 crore, NDTV reported, citing deal terms. Under the proposed transaction, up to 4.97 crore Pine Labs shares will be offered at a floor price of ₹179.50 apiece. The deal is scheduled for 22 September and will be executed through Citi, according to the report. The offer price is 7.33% below Pine Labs’ previous closing price of ₹193.70. At the floor price, the transaction is estimated to be worth around ₹892 crore, the report showed. The potential stake sale comes at a time when the stock has made a strong recovery in recent weeks, surging 40% from its July lows. The rally has helped narrow its year-to-date losses to 19% from 44%. Meanwhile, domestic brokerage Motilal Oswal, in its recent report, initiated coverage on the stock with a ‘Buy’ rating and a target price ₹250 per share. In its bull-case scenario, Motilal Oswal sees a 72% upside in Pine Labs stock and has set a target price of ₹330 per share. In the bear-case scenario, the brokerage expects a 27% decline in the stock’s value, with a target price of ₹140 per share. According to Trendlyne shareholding data, Mastercard Asia/Pacific Pte. Ltd. held a 4.31% stake in the company at the end of the June quarter. General shareholders continued to hold a majority stake in the firm, with 65.7%, while the remaining stake was split between domestic institutional investors (DIIs) and foreign institutional investors (FIIs), at 24.8% and 9.5%, respectively. Pine Labs posted more than a four-fold increase in its first-quarter profit, helped by growing adoption of digital payments and the underlying payment infrastructure in India. The fintech firm's consolidated profit rose to ₹19.57 crore in the April-June quarter, from ₹4.79 crore a year earlier. The company said the increasing use of digital payments among consumers and merchants, along with the growing adoption of India’s Unified Payments Interface (UPI), supported its growth during the quarter. Revenue from operations increased 19.6% year-on-year. Revenue from Pine Labs’ digital infrastructure and transaction platform, which is primarily monetised through subscriptions and transaction fees, rose nearly 15% to ₹499 crore. Meanwhile, revenue from its issuing and acquiring platform segment, which enables banks and fintech companies to issue credit and debit cards, increased 31%. Disclaimer: We advise investors to check with certified experts before making any investment decisions. Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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