Business

Capital Team's arm sells 5% concern in IT secure Mastek for Rs 475 crore Firm Information

.2 minutes read Last Improved: Sep 04 2024|11:51 PM IST.Financial services provider Funds Group on Wednesday sold a 5.6 per-cent concern in Mastek for over Rs 475 crore by means of free market transactions while ICICI Prudential Investment fund picked up a stake in the IT solutions company.Los Angeles-headquartered Financing Team through its own partner EuroPacific Growth Fund unloaded 17,19,117 shares, amounting to a 5.6 per-cent stake in Mastek Ltd, according to the mass offer records available on the BSE.The shares were disposed of at an average price of Rs 2,766.36 apiece, taking the deal worth to Rs 475.57 crore.Patronus Tradetech likewise marketed 217 allotments of Mastek at Rs 2,845.23 per item.ICICI Prudential Stock Fund, Ghisallo Expert Fund LP and also Patronus Tradetech LLP got an overall of 12.34 lakh allotments of Mastek in the price variety varying from Rs 2,751-2,767.51 apiece, taking the combined deal value to Rs 340.40 crore.Particulars of the shoppers of Mastek's shares could not be pinpointed.Reveals of Mastek dropped 4.67 per-cent to end at Rs 2,769.70 each on the BSE.Last week, Mastek announced a strategic alliance along with Onyx Health and wellness, a trendsetter in health care interoperability services.The cooperation aims to speed up the adopting of FHIR (Swift Health Care Interoperability Funds) criteria, steering boosted records interoperability and much better health and wellness results for patients, the firm said.( Simply the headline and also image of this file might have been actually modified due to the Organization Requirement team the rest of the information is actually auto-generated coming from a syndicated feed.) Initial Released: Sep 04 2024|11:51 PM IST.