Business

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

.2 min read Final Upgraded: Sep 04 2024|11:51 PM IST.Financial solutions company Funding Team on Wednesday marketed a 5.6 per cent risk in Mastek for over Rs 475 crore through competitive market transactions while ICICI Prudential Mutual Fund got a risk in the IT solutions firm.Los Angeles-headquartered Financing Group through its own partner EuroPacific Growth Fund offloaded 17,19,117 reveals, amounting to a 5.6 per-cent risk in Mastek Ltd, as per the majority bargain records available on the BSE.The portions were taken care of at a normal price 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 piece.ICICI Prudential Investment Fund, Ghisallo Master Fund LP as well as Patronus Tradetech LLP acquired a total of 12.34 lakh reveals of Mastek in the cost selection varying coming from Rs 2,751-2,767.51 each, taking the bundled transaction market value to Rs 340.40 crore.Information of the buyers of Mastek's portions might not be actually pinpointed.Shares of Mastek dropped 4.67 per cent to finish at Rs 2,769.70 apiece on the BSE.Last week, Mastek declared a critical collaboration along with Onyx Health and wellness, an innovator in healthcare interoperability solutions.The collaboration strives to accelerate the fostering of FHIR (Swift Health Care Interoperability Resources) criteria, steering boosted information interoperability as well as better health end results for people, the company pointed out.( Only the title as well as picture of this document may possess been remodelled by the Company Criterion staff the rest of the web content is auto-generated from a syndicated feed.) First Posted: Sep 04 2024|11:51 PM IST.