Business

Capital Group's upper arm sells 5% stake in IT firm Mastek for Rs 475 crore Firm Information

.2 minutes reviewed Final Updated: Sep 04 2024|11:51 PM IST.Financial services business Funding Team on Wednesday marketed a 5.6 percent concern in Mastek for over Rs 475 crore with competitive market transactions while ICICI Prudential Investment fund grabbed a risk in the IT solutions provider.Los Angeles-headquartered Resources Team by means of its own associate EuroPacific Development Fund offloaded 17,19,117 portions, totaling up to a 5.6 per-cent concern in Mastek Ltd, as per the mass bargain data readily available on the BSE.The portions were actually gotten rid of at an average price of Rs 2,766.36 each, taking the transaction value to Rs 475.57 crore.Patronus Tradetech likewise sold 217 allotments of Mastek at Rs 2,845.23 per part.ICICI Prudential Mutual Fund, Ghisallo Expert Fund LP and Patronus Tradetech LLP acquired a total of 12.34 lakh portions of Mastek in the price array varying from Rs 2,751-2,767.51 apiece, taking the mixed transaction value to Rs 340.40 crore.Information of the shoppers of Mastek's portions could possibly not be determined.Reveals of Mastek declined 4.67 per-cent to end at Rs 2,769.70 apiece on the BSE.Last week, Mastek revealed a critical partnership along with Onyx Health, a trailblazer in medical care interoperability options.The collaboration aims to quicken the adoption of FHIR (Rapid Medical Care Interoperability Funds) requirements, driving enhanced data interoperability as well as much better health and wellness end results for clients, the company mentioned.( Simply the headline and picture of this record may have been revamped due to the Business Standard team the remainder of the material is auto-generated from a syndicated feed.) Very First Posted: Sep 04 2024|11:51 PM IST.

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