Mastercard Asia-Pacific is set to exit part of its investment in fintech firm Pine Labs through a block deal, according to multiple reports. The proposed sale totals around Rs 890 crore and involves the divestment of a minority stake, with details including the number of shares, price per share, and the deal schedule.

Economic Times says Mastercard Asia-Pacific may sell up to 49.7 million Pine Labs shares, equivalent to about 4.3% equity, in a secondary transaction valued at Rs 892.5 crore. It reports the trade price as Rs 179.50 per share and states the transaction is scheduled for September 22. NDTV similarly reports the exit through a stake sale of about Rs 890 crore, noting that the floor price implies a 7.33% discount to Pine Labs’ previous closing price of Rs 193.70 per share. Overall, outlets align on the deal size, the pricing context versus the prior close, and the minority nature of the stake being sold, while figures vary slightly by outlet.