Mastek (UK) Limited (Material Wholly Owned Subsidiary of Mastek Limited) intimated us about sale of its partial holding of 8,24,500 shares in Majesco (USA) for cash consideration of USD 6.49 Million, in the open market on NASDAQ on January 7, 2020.
This will help Mastek (UK) Limited to drive its growth strategy.
Accordingly, after the completion of the aforesaid partial stock sale, stake of Mastek (UK) Limited in Majesco (USA) will stand reduced to 22,20,375 shares from existing 30,44,875 shares.
Shares of MASTEK LTD. was last trading in BSE at Rs.422.3 as compared to the previous close of Rs. 408.9. The total number of shares traded during the day was 10053 in over 896 trades.
The stock hit an intraday high of Rs. 424 and intraday low of 413. The net turnover during the day was Rs. 4229487.