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Capital Team's arm sells 5% concern in IT strong Mastek for Rs 475 crore Provider Updates

.2 minutes reviewed Last Upgraded: Sep 04 2024|11:51 PM IST.Financial solutions firm Financing Group on Wednesday marketed a 5.6 per cent stake in Mastek for over Rs 475 crore through competitive market purchases while ICICI Prudential Investment fund grabbed a stake in the IT solutions company.Los Angeles-headquartered Funding Team through its own affiliate EuroPacific Growth Fund offloaded 17,19,117 reveals, amounting to a 5.6 per cent risk in Mastek Ltd, as per the majority deal information on call on the BSE.The portions were thrown away at an average cost of Rs 2,766.36 apiece, taking the transaction worth to Rs 475.57 crore.Patronus Tradetech likewise sold 217 reveals of Mastek at Rs 2,845.23 per part.ICICI Prudential Mutual Fund, Ghisallo Master Fund LP and also Patronus Tradetech LLP got an overall of 12.34 lakh shares of Mastek in the rate range varying coming from Rs 2,751-2,767.51 each, taking the combined deal value to Rs 340.40 crore.Particulars of the buyers of Mastek's reveals could certainly not be recognized.Reveals of Mastek decreased 4.67 percent to finish at Rs 2,769.70 apiece on the BSE.Recently, Mastek revealed a critical partnership along with Onyx Health and wellness, an inventor in health care interoperability answers.The cooperation strives to expedite the adoption of FHIR (Rapid Health Care Interoperability Assets) requirements, driving boosted records interoperability and also far better health end results for clients, the firm mentioned.( Merely the headline and photo of this report might possess been reworked by the Organization Criterion staff the remainder of the web content is actually auto-generated coming from a syndicated feed.) First Published: Sep 04 2024|11:51 PM IST.

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