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Mastek zooms as its US arm files Form S-4 for proposed merger of Cover-All Technologies Inc

20 Feb 2015 Evaluate

Mastek is currently trading at Rs. 424.90, up by 29.80 points or 7.54% from its previous closing of Rs. 395.10 on the BSE.

The scrip opened at Rs. 396.50 and has touched a high and low of Rs. 429.90 and Rs. 390.00 respectively. So far 208203 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 442.00 on 22-Jan-2015 and a 52 week low of Rs. 160.20 on 12-May-2014.

Last one week high and low of the scrip stood at Rs. 429.90 and Rs. 390.50 respectively. The current market cap of the company is Rs. 888.74 crore.

The promoters holding in the company stood at 51.30% while Institutions and Non-Institutions held 22.71% and 26.00% respectively.

Mastek’s subsidiary Majesco, USA (formerly known as MajescoMastek) has filed Form S-4, a Registration Statement under the Securities Act of 1933, with Securities and Exchange Commission (SEC) of United States of America, for the proposed merger of Cover-All Technologies Inc. with Majesco and listing of Majesco on NYSE-MKT. Further, the company has submitted to the Exchange a copy of the Management Update presentation dated February 19, 2015.

Mastek is a high-end provider of vertically-focused enterprise technology solutions and platforms that unleash the optimum potential of its clients' business. Its vertical focus includes insurance (Life, Pensions and General), Government/Public Sector, and Financial Services sectors.

 

Mastek Share Price

1771.65 5.40 (0.31%)
22-Apr-2026 13:17 View Price Chart
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