Business

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

.2 minutes reviewed Last Updated: Sep 04 2024|11:51 PM IST.Financial solutions business Funds Group on Wednesday sold a 5.6 percent concern in Mastek for over Rs 475 crore through competitive market purchases while ICICI Prudential Stock fund grabbed a risk in the IT solutions business.Los Angeles-headquartered Funds Group via its own partner EuroPacific Growth Fund unloaded 17,19,117 reveals, amounting to a 5.6 per-cent risk in Mastek Ltd, according to the bulk offer records readily available on the BSE.The reveals were actually dealt with at an ordinary rate of Rs 2,766.36 apiece, taking the deal value to Rs 475.57 crore.Patronus Tradetech also marketed 217 reveals of Mastek at Rs 2,845.23 each part.ICICI Prudential Investment Fund, Ghisallo Professional Fund LP and Patronus Tradetech LLP acquired an overall of 12.34 lakh portions of Mastek in the price variation differing from Rs 2,751-2,767.51 apiece, taking the consolidated deal value to Rs 340.40 crore.Particulars of the buyers of Mastek's reveals might not be actually identified.Reveals of Mastek dropped 4.67 per cent to finish at Rs 2,769.70 apiece on the BSE.Last week, Mastek announced a tactical partnership with Onyx Health and wellness, a trailblazer in health care interoperability services.The cooperation aims to expedite the fostering of FHIR (Quick Medical Care Interoperability Assets) specifications, driving boosted records interoperability and far better health and wellness end results for patients, the business pointed out.( Merely the heading and also image of this document may possess been revamped by the Company Criterion personnel the rest of the web content is actually auto-generated coming from a syndicated feed.) Initial Released: Sep 04 2024|11:51 PM IST.