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  5. Block deals, Sept 2: Aster DM Quality Care, Pine Labs see trades worth ₹900 crore; key details

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Block deals, Sept 2: Aster DM Quality Care, Pine Labs see trades worth ₹900 crore; key details

Swati Verma
By Swati Verma

3 min read | Updated on September 02, 2026, 11:47 IST

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SUMMARY

According to NSE data, 3,54,56,317 shares of Pine Labs worth ₹549.93 crore changed hands on the exchange. Meanwhile, 46,09,800 shares of Aster DM Quality Care worth ₹350.34 crore were traded in the block deal window.

Stock list

ASTERDM
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PINELABS
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Block deals, September 2, 2026

The morning block deal window, or the first session, operates from 8:45 AM to 9:00 AM. Image: Shutterstock

Two stocks witnessed large trades during the first session of the block deal window on Wednesday, September 2, on the NSE. The list included Pine Labs and Aster DM Quality Care.

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According to NSE data, 3,54,56,317 shares of Pine Labs worth ₹549.93 crore changed hands on the exchange. Meanwhile, 46,09,800 shares of Aster DM Quality Care worth ₹350.34 crore were traded in the block deal window.

The NSE has two block deal windows each trading day.

The morning block deal window, or the first session, operates from 8:45 AM to 9:00 AM, while the afternoon block deal window, or the second session, operates from 2:05 PM to 2:20 PM.

How shares were performing

At 11:21 AM, shares of Pine Labs traded flat at ₹159.87 apiece on the NSE, while Aster DM Quality Care was down 0.46% at ₹754.60.

What earlier news reports said

Business channel CNBC-TV18 on Tuesday reported that a block deal worth up to ₹560.3 crore has been launched in Pine Labs, with Alpha Wave Ventures II, LP and Alpha Wave India I LP looking to sell their entire holdings in the fintech company.

The shares on offer represent about 3.2% of Pine Labs' total equity.

The floor price has been set at ₹153.50 a share, a 4% discount to Pine Labs' September 1 closing price of ₹160.40.

The report added that both Alpha Wave entities plan to sell their entire remaining stakes through the transaction.

Previous block deal in Pine Labs

The latest transaction comes just a few months after another significant block deal in Pine Labs.

In May, around 2.47 crore shares, representing 2.2% of the company’s outstanding equity, changed hands at an average price of ₹144 per share. The transaction was valued at approximately ₹356 crore.

Pine Labs Q1 FY27 earnings

Fintech platform Pine Labs, during the quarter under review (Q1 FY27), reported a 308.56% year-on-year (YoY) surge in its consolidated net profit to ₹20 crore, up from ₹4.79 crore in the June quarter of the 2025-26 fiscal year (Q1 FY26).

Its revenue from operations jumped 19.65% YoY to ₹736.92 crore in the June FY27 quarter, as against ₹615.91 crore in the corresponding period of the preceding fiscal year, according to a regulatory filing.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹124 crore for the reporting quarter, reflecting a 51.22% YoY increase from ₹82 crore in Q1 FY26.

Its adjusted EBITDA advanced 4.03% YoY to ₹126 crore in the quarter ended June 30, 2026, in contrast to ₹121 crore in the year-ago period.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Swati Verma
Swati Verma is a business journalist with 12 years of experience. She writes on equities, corporate earnings, sectoral trends, and industry outlook, among others. At Upstox, she leads financial markets coverage.

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