New Delhi: Shares of fintech firm Pine Labs made a firm market debut on the bourses on Friday, listing wth a premium of 9.5 per cent against the issue price of Rs 221. The stock began trading at Rs 242 apiece, a 9.5 per cent premium on both the BSE and the NSE.

Later, the company’s shares surged 24.43 per cent and 24.36 per cent to Rs 275 and Rs 274.85 per share on the NSE and BSE, respectively. The company’s market valuation stood at Rs 31,118.29 crore on the NSE and Rs 31,095.32 crore on the BSE.

The markets are trading in the negative territory. The 30-share BSE Sensex declined 302.63 points, or 0.36 per cent, to 84,176.04 while NSE Nifty fell 88.20 points, or 0.34 per cent, to 25,790.95. On Tuesday, the final day of the share sale, the Pine Labs IPO received 2.46 times subscri

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