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Capital Group's arm sells 5% concern in IT secure Mastek for Rs 475 crore Business Information

.2 minutes read through Last Improved: Sep 04 2024|11:51 PM IST.Financial solutions firm Resources Team on Wednesday sold a 5.6 per cent stake in Mastek for over Rs 475 crore by means of open market purchases while ICICI Prudential Stock fund grabbed a concern in the IT solutions business.Los Angeles-headquartered Capital Group by means of its own partner EuroPacific Development Fund unloaded 17,19,117 reveals, amounting to a 5.6 per-cent concern in Mastek Ltd, based on the bulk deal information available on the BSE.The shares were actually thrown away at a typical rate of Rs 2,766.36 apiece, taking the deal market value to Rs 475.57 crore.Patronus Tradetech likewise marketed 217 reveals of Mastek at Rs 2,845.23 each piece.ICICI Prudential Stock Fund, Ghisallo Master Fund LP and Patronus Tradetech LLP acquired a total of 12.34 lakh shares of Mastek in the rate variation differing from Rs 2,751-2,767.51 each, taking the mixed purchase value to Rs 340.40 crore.Information of the buyers of Mastek's portions can certainly not be determined.Portions of Mastek dropped 4.67 per-cent to finish at Rs 2,769.70 apiece on the BSE.Recently, Mastek introduced a key alliance along with Onyx Wellness, an innovator in healthcare interoperability solutions.The collaboration intends to accelerate the adopting of FHIR (Swift Health Care Interoperability Resources) standards, driving boosted information interoperability as well as far better health and wellness results for clients, the company pointed out.( Merely the heading as well as picture of this report might possess been reworked due to the Service Standard workers the rest of the web content is actually auto-generated from a syndicated feed.) Very First Posted: Sep 04 2024|11:51 PM IST.