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Mastercard exits Pine Labs with ₹934 crore bulk sale of its 4.31% stake

Mastercard exited Pine Labs by selling its full 4.31% stake for ₹933.6 crore in a bulk deal. The India payments company’s shares have recently recovered, supported by MDR-on-UPI optimism and brokerage forecasts for strong FY26-FY28 growth.

Mastercard sold its Pine Labs stake at ₹187.75 a share, below the ₹197.55 close
  • Pine Labs closing share price₹197.55
  • Mastercard bulk deal sale price per share₹187.75

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Reported figures

From the report. Source details below

Pine Labs closed at ₹197.55, up 2.07%
Q1 FY27 net profit: ₹4.8 crore, up 4x YoY
Q1 FY27 operating revenue: ₹736.9 crore, up 20% YoY
Motilal Oswal target price: ₹250
Projected FY26-FY28 revenue CAGR: 24%
Projected FY28 EBITDA margin: 28.7%

Also in the report

  • 5% discount to closing price
  • Stock down over 15% YTD but up over 25% in the past month

Other figures

  • 4.97 crore shares sold
  • ₹187.75 per share

The source

Source Read the source at Inc42

Published

Also reported by Entrackr

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