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Capital Group's upper arm sells 5% risk in IT strong Mastek for Rs 475 crore Firm News

.2 minutes read through Last Upgraded: Sep 04 2024|11:51 PM IST.Financial services company Capital Team on Wednesday offered a 5.6 per-cent stake in Mastek for over Rs 475 crore by means of competitive market purchases while ICICI Prudential Investment fund got a concern in the IT services provider.Los Angeles-headquartered Financing Team by means of its own partner EuroPacific Development Fund offloaded 17,19,117 reveals, totaling up to a 5.6 percent stake in Mastek Ltd, as per the mass bargain information readily available on the BSE.The allotments were gotten rid of at a normal cost of Rs 2,766.36 each, taking the purchase market value to Rs 475.57 crore.Patronus Tradetech also offered 217 allotments of Mastek at Rs 2,845.23 each item.ICICI Prudential Mutual Fund, Ghisallo Master Fund LP and Patronus Tradetech LLP got an overall of 12.34 lakh allotments of Mastek in the price variation differing from Rs 2,751-2,767.51 each, taking the bundled transaction worth to Rs 340.40 crore.Particulars of the shoppers of Mastek's allotments might certainly not be pinpointed.Shares of Mastek declined 4.67 per cent to end at Rs 2,769.70 apiece on the BSE.Recently, Mastek introduced a critical relationship along with Onyx Health, an innovator in health care interoperability answers.The collaboration targets to quicken the adopting of FHIR (Fast Medical Care Interoperability Assets) criteria, steering boosted information interoperability and also better health and wellness end results for clients, the company said.( Only the heading and also photo of this document may have been remodelled due to the Service Standard staff the rest of the material is auto-generated coming from a syndicated feed.) 1st Published: Sep 04 2024|11:51 PM IST.