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Capital Team's upper arm sells 5% stake in IT strong Mastek for Rs 475 crore Company News

.2 minutes read Final Upgraded: Sep 04 2024|11:51 PM IST.Financial services firm Funding Team on Wednesday sold a 5.6 per cent concern in Mastek for over Rs 475 crore by means of open market deals while ICICI Prudential Stock fund got a stake in the IT solutions firm.Los Angeles-headquartered Funds Group with its partner EuroPacific Development Fund unloaded 17,19,117 allotments, amounting to a 5.6 per-cent stake in Mastek Ltd, according to the bulk deal records readily available on the BSE.The reveals were thrown away at an ordinary cost of Rs 2,766.36 each, taking the purchase worth to Rs 475.57 crore.Patronus Tradetech likewise offered 217 allotments of Mastek at Rs 2,845.23 per item.ICICI Prudential Investment Fund, Ghisallo Professional Fund LP as well as Patronus Tradetech LLP acquired a total amount of 12.34 lakh shares of Mastek in the rate range varying coming from Rs 2,751-2,767.51 apiece, taking the bundled purchase market value to Rs 340.40 crore.Information of the purchasers of Mastek's shares might not be recognized.Allotments of Mastek declined 4.67 percent to finish at Rs 2,769.70 each on the BSE.Recently, Mastek announced a critical alliance with Onyx Health, a trendsetter in medical care interoperability solutions.The cooperation strives to expedite the adopting of FHIR (Prompt Medical Care Interoperability Resources) standards, driving enhanced information interoperability as well as far better health end results for people, the firm claimed.( Merely the heading and photo of this file may have been remodelled by the Company Requirement workers the rest of the information is auto-generated from a syndicated feed.) Initial Posted: Sep 04 2024|11:51 PM IST.