Private Equity Liquidity Events
Mastercard sells its 4.31% stake in digital payments co. Pine Labs via Rs.934-Cr bulk deal
Source Inc42 (opens in a new tab)
Mastercard has exited listed fintech firm Pine Labs by selling its entire 4.31% stake through a bulk deal. The firm offloaded 4.97 Cr shares at INR 187.75 apiece, raising INR 933.6 Cr.This transaction marks Mastercard’s second major stake sale in the company since its IPO in November 2025. Mastercard, which first invested in Pine Labs in 2020, previously sold 59.2 lakh shares during the IPO for INR 130.9 Cr, achieving 1.7X returns.