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

.2 min read Final Improved: Sep 04 2024|11:51 PM IST.Financial services business Resources Team on Wednesday sold a 5.6 percent concern in Mastek for over Rs 475 crore with open market deals while ICICI Prudential Investment fund picked up a stake in the IT solutions business.Los Angeles-headquartered Capital Group through its associate EuroPacific Development Fund offloaded 17,19,117 shares, totaling up to a 5.6 per cent concern in Mastek Ltd, according to the mass bargain information available on the BSE.The shares were actually gotten rid of at a common cost of Rs 2,766.36 each, taking the deal market value to Rs 475.57 crore.Patronus Tradetech also offered 217 reveals of Mastek at Rs 2,845.23 each part.ICICI Prudential Mutual Fund, Ghisallo Master Fund LP as well as Patronus Tradetech LLP acquired an overall of 12.34 lakh reveals of Mastek in the cost assortment differing coming from Rs 2,751-2,767.51 each, taking the consolidated purchase worth to Rs 340.40 crore.Information of the buyers of Mastek's reveals could not be identified.Allotments of Mastek declined 4.67 percent to end at Rs 2,769.70 each on the BSE.Last week, Mastek introduced an important alliance along with Onyx Wellness, a trendsetter in medical care interoperability options.The cooperation targets to expedite the fostering of FHIR (Swift Medical Care Interoperability Resources) requirements, steering improved information interoperability and far better wellness results for patients, the provider pointed out.( Only the heading and photo of this document may possess been revamped by the Company Criterion workers the remainder of the web content is actually auto-generated from a syndicated feed.) First Published: Sep 04 2024|11:51 PM IST.