INSUBCONTINENT EXCLUSIVE:
Shares of Mastek rose 4.65 per cent to close at Rs 2,904.25 apiece on the BSE
| Representative Image1 min read Last Updated : Oct 15 2024 | 11:35 PM IST
Financial services company Capital Group on Tuesday divested a
1.7 per cent stake in IT firm Mastek for over Rs 148 crore through an open market transaction.
According to the bulk deal data available
on the BSE, US-based Capital group through its arm SmallCap World Fund Inc offloaded 5.30 lakh shares, amounting to a 1.7 per cent stake in
Mastek.Click here to connect with us on WhatsApp
The shares were sold at an average price of Rs 2,801.68 apiece, taking the deal value to
Rs 148.49 crore.
After the share sale, Capital group's holding in Mastek has come down to 6.24 per cent from 7.94 per
This took the deal value to Rs 56.01 crore.
Details of the other buyers of Mastek's shares could not be ascertained.
Shares of Mastek
rose 4.65 per cent to close at Rs 2,904.25 apiece on the BSE.(Only the headline and picture of this report may have been reworked by the
Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Oct 15 2024 | 11:35 PMIST
