Business

Capital Group's arm markets 5% stake in IT firm Mastek for Rs 475 crore Company Updates

.2 min read Final Updated: Sep 04 2024|11:51 PM IST.Financial solutions provider Resources Team on Wednesday offered a 5.6 percent stake in Mastek for over Rs 475 crore via open market transactions while ICICI Prudential Mutual Fund picked up a risk in the IT services company.Los Angeles-headquartered Capital Team with its own partner EuroPacific Development Fund unloaded 17,19,117 portions, amounting to a 5.6 per cent stake in Mastek Ltd, according to the majority deal data readily available on the BSE.The portions were dealt with at an average cost of Rs 2,766.36 apiece, taking the transaction worth to Rs 475.57 crore.Patronus Tradetech also marketed 217 allotments of Mastek at Rs 2,845.23 per item.ICICI Prudential Investment Fund, Ghisallo Professional Fund LP and Patronus Tradetech LLP obtained a total amount of 12.34 lakh portions of Mastek in the rate assortment differing from Rs 2,751-2,767.51 apiece, taking the bundled purchase market value to Rs 340.40 crore.Details of the purchasers of Mastek's reveals could not be actually determined.Shares of Mastek dropped 4.67 per-cent to finish at Rs 2,769.70 apiece on the BSE.Recently, Mastek announced a calculated collaboration along with Onyx Health, an innovator in healthcare interoperability services.The collaboration strives to quicken the adopting of FHIR (Fast Healthcare Interoperability Assets) criteria, driving enriched records interoperability as well as better wellness outcomes for clients, the firm mentioned.( Simply the title as well as image of this report may have been actually revamped due to the Business Criterion team the remainder of the material is auto-generated coming from a syndicated feed.) Very First Released: Sep 04 2024|11:51 PM IST.

Articles You Can Be Interested In