look news india
A very big and important business news is coming out from the Indian financial technology (Fintech) sector and stock market. A big block deal has been seen in fintech unicorn Pine Labs on Tuesday, September 22, 2026. According to available official market data and reports, MasterCard Asia has sold a total of 4.97 crore shares of Pine Labs in the open market in one go, selling its major stake. The block deal has been executed on the Bombay Stock Exchange (BSE) at an average price of ₹187.75 per share. The total deal value of these shares sold by MasterCard Asia has been around ₹934 crore, which has caught the attention of the market.
4 big institutional buyers showed interest: ICICI Prudential, Citigroup and Edelweiss bought shares.
Immediately after this huge sale by MasterCard Asia, many leading institutional investors of the country and the world came forward and bought these shares immediately. According to the detailed data of the block deal, insurance giant ICICI Prudential Life Insurance has bought 93.1 lakh shares or about 0.81 per cent stake of the company with an investment of ₹174.80 crore. Apart from this, foreign institutional investor Societe Generale bought 87.7 lakh shares (0.76% stake) for ₹164.66 crore. Global financial giant Citigroup Global also participated in the deal by purchasing 66.7 lakh shares (about 0.58% stake) for ₹125.23 crore. Whereas domestic mutual fund giant Edelweiss Mutual Fund (Edelweiss MF) has bought 52.94 lakh shares (about 0.46% stake) at a cost of ₹99.40 crore.
Complete block deal data and financial data: complete list of buyers and sellers
The exact figures of this big block deal concluded in the market are as follows:
-
ICICI Pru Life Insurance: 93.1 lakh shares 0.81% stake Deal Value: ₹174.80 crore
-
Societe Generale: 87.7 lakh shares. 0.76% stake Deal Value: ₹164.66 crore
-
Citigroup Global: 66.7 lakh shares 0.58% stake Deal Value: ₹125.23 crore
-
Edelweiss MF: 52.94 lakh shares. 0.46% stake Deal Value: ₹99.40 crore
-
Mastercard Asia (Vendor): 4.97 crore shares. 4.31% stake Total deal value: ₹934 crore
Movement of Pine Labs shares in the stock market: Stock closed with gains
Amidst this big development of the block deal, the performance of Pine Labs shares in the stock market was quite positive. At the close of trading on September 22, 2026, shares of Pine Labs closed at ₹197.55, registering an impressive gain of ₹4 or 2.07 percent compared to its previous closing price of ₹193.55. Throughout the trading session, the stock made an intra-day high of ₹205 and low of ₹191.60, while its weighted average price (VWAP) was recorded at ₹188.88. During the last 52 weeks, the stock has had a high of ₹283.70 and a low of ₹134.75.
Company’s market cap and volume: Strong position in the fintech sector
Pine Labs counter witnessed heavy action during the trading day, registering a total turnover of ₹1,049.91 crore with a total traded quantity of 55.85 lakh shares. The company currently has a total full market capitalization of ₹22,794.47 crore and a free-float market cap of ₹22,190.16 crore. Pine Labs’ standalone PE is trading at 138.15 and consolidated PE at 179.08. The company is primarily a part of the BSE 500 index and its core industry is the Financial Technology (Fintech) category, which is counted among the leading companies in the country in the field of digital payments and merchant commerce solutions.