Mastek (UK) Limited (Material Wholly Owned Subsidiary of Mastek Limited) has announced the sale of its partial holding of 2,02,183 shares in Majesco (USA) for cash consideration of USD 1.59 Million, in the open market on NASDAQ on January 8, 2020.
This will help Mastek (UK) Limited to drive its growth strategy.
Accordingly, after the completion of the aforesaid partial shares sale, stake of Mastek (UK) Limited in Majesco (USA) will stand reduced to 20,18,192 shares from existing 22,20,375 shares.
Shares of MASTEK LTD. was last trading in BSE at Rs.426 as compared to the previous close of Rs. 422.3. The total number of shares traded during the day was 21749 in over 1897 trades.
The stock hit an intraday high of Rs. 438.6 and intraday low of 412. The net turnover during the day was Rs. 9309605.