Business

Capital Team's arm offers 5% risk in IT solid Mastek for Rs 475 crore Business Updates

.2 min checked out Last Upgraded: Sep 04 2024|11:51 PM IST.Financial services firm Funds Group on Wednesday offered a 5.6 per-cent risk in Mastek for over Rs 475 crore via competitive market purchases while ICICI Prudential Stock fund grabbed a stake in the IT services company.Los Angeles-headquartered Resources Group via its partner EuroPacific Growth Fund offloaded 17,19,117 shares, amounting to a 5.6 per-cent concern in Mastek Ltd, based on the majority deal data accessible on the BSE.The shares were dealt with at a normal cost of Rs 2,766.36 apiece, taking the deal market value to Rs 475.57 crore.Patronus Tradetech also marketed 217 shares of Mastek at Rs 2,845.23 per piece.ICICI Prudential Investment Fund, Ghisallo Master Fund LP and Patronus Tradetech LLP acquired a total of 12.34 lakh reveals of Mastek in the cost array differing from Rs 2,751-2,767.51 each, taking the consolidated transaction worth to Rs 340.40 crore.Particulars of the purchasers of Mastek's allotments might not be actually pinpointed.Shares of Mastek declined 4.67 percent to end at Rs 2,769.70 apiece on the BSE.Recently, Mastek revealed a calculated alliance along with Onyx Health, a trailblazer in medical care interoperability solutions.The partnership intends to speed up the fostering of FHIR (Quick Health Care Interoperability Resources) standards, steering enhanced records interoperability and also far better health and wellness outcomes for clients, the company pointed out.( Simply the headline and image of this record might have been actually revamped due to the Service Criterion team the rest of the material is auto-generated from a syndicated feed.) Initial Posted: Sep 04 2024|11:51 PM IST.