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Mastek gains on concluding acquisition of IndigoBlue

05 May 2015

Mastek is currently trading at Rs. 414.00, up by 9.60 points or 2.37% from its previous closing of Rs. 404.40 on the BSE.

The scrip opened at Rs. 405.00 and has touched a high and low of Rs. 418.50 and Rs. 401.90 respectively. So far 65,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 513.50 on 09-Mar-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. 418.50 and Rs. 383.60 respectively. The current market cap of the company is Rs. 935.00 crore.

The promoters holding in the company stood at 51.03% while Institutions and Non-Institutions held 19.62% and 29.35% respectively.

Mastek UK, the global, enterprise-level technology solutions provider, has completed the acquisition of IndigoBlue Consulting, the multi-award winning consultancy specializing in Agile programme management. IndigoBlue will be operated independently as a wholly-owned subsidiary. The acquisition brings together IndigoBlue’s Agile consulting and programme management expertise with Mastek’s world-class technology delivery capability.

Incorporated in 2002, IndigoBlue is a leading UK consultancy specializing in Agile programme and project management with a turnover in excess of GBP six million. It provides management and consultancy services that enable its customers to harness the profound benefits of Agile and achieve maximum advantage from technology-based business change.

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.

Related Mastek Ltd. Links:

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SEBI Registered: Investment Adviser - INA000013323