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Capital Team's upper arm sells 5% stake in IT secure Mastek for Rs 475 crore Business Updates

.2 minutes went through Final Upgraded: Sep 04 2024|11:51 PM IST.Financial solutions business Financing Team on Wednesday marketed a 5.6 percent stake in Mastek for over Rs 475 crore via open market purchases while ICICI Prudential Stock fund grabbed a risk in the IT solutions company.Los Angeles-headquartered Funds Group with its own affiliate EuroPacific Development Fund offloaded 17,19,117 allotments, totaling up to a 5.6 per-cent risk in Mastek Ltd, as per the majority deal records readily available on the BSE.The portions were dealt with at an ordinary cost of Rs 2,766.36 each, taking the transaction value to Rs 475.57 crore.Patronus Tradetech also marketed 217 portions of Mastek at Rs 2,845.23 per part.ICICI Prudential Investment Fund, Ghisallo Master Fund LP as well as Patronus Tradetech LLP obtained an overall of 12.34 lakh allotments of Mastek in the price selection varying from Rs 2,751-2,767.51 each, taking the combined purchase market value to Rs 340.40 crore.Particulars of the buyers of Mastek's shares could not be pinpointed.Allotments of Mastek declined 4.67 per-cent to finish at Rs 2,769.70 apiece on the BSE.Recently, Mastek declared a strategic collaboration with Onyx Health and wellness, an inventor in healthcare interoperability options.The partnership targets to speed up the adoption of FHIR (Swift Healthcare Interoperability Resources) requirements, steering boosted data interoperability as well as better health results for individuals, the firm claimed.( Simply the heading and image of this report might possess been reworked due to the Service Specification workers the remainder of the material is auto-generated coming from a syndicated feed.) First Released: Sep 04 2024|11:51 PM IST.