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Capital Group's upper arm offers 5% stake in IT firm Mastek for Rs 475 crore Business News

.2 min reviewed Last Updated: Sep 04 2024|11:51 PM IST.Financial solutions provider Funding Team on Wednesday marketed a 5.6 per-cent stake in Mastek for over Rs 475 crore by means of competitive market transactions while ICICI Prudential Investment fund picked up a risk in the IT solutions company.Los Angeles-headquartered Capital Team with its own partner EuroPacific Growth Fund unloaded 17,19,117 reveals, totaling up to a 5.6 percent stake in Mastek Ltd, as per the mass package records offered on the BSE.The shares were disposed of at a common rate of Rs 2,766.36 each, taking the transaction value to Rs 475.57 crore.Patronus Tradetech likewise marketed 217 reveals of Mastek at Rs 2,845.23 each part.ICICI Prudential Mutual Fund, Ghisallo Expert Fund LP as well as Patronus Tradetech LLP acquired a total amount of 12.34 lakh portions of Mastek in the price assortment differing from Rs 2,751-2,767.51 each, taking the mixed transaction value to Rs 340.40 crore.Particulars of the purchasers of Mastek's shares might certainly not be actually recognized.Allotments of Mastek decreased 4.67 percent to finish at Rs 2,769.70 each on the BSE.Last week, Mastek announced a key alliance along with Onyx Health and wellness, a trailblazer in health care interoperability solutions.The cooperation intends to quicken the fostering of FHIR (Swift Healthcare Interoperability Resources) requirements, steering enhanced data interoperability as well as better health results for patients, the business mentioned.( Just the title as well as photo of this document may possess been modified due to the Company Criterion workers the rest of the material is actually auto-generated from a syndicated feed.) Initial Posted: Sep 04 2024|11:51 PM IST.