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Mastek rises on concluding acquisition of 100% stake in Trans American Information

13 Jan 2017 Evaluate

Mastek is currently trading at Rs. 169.10, up by 2.85 points or 1.71% from its previous closing of Rs. 166.25 on the BSE.

The scrip opened at Rs. 168.90 and has touched a high and low of Rs. 169.90 and Rs. 167.80 respectively. So far 9,393 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 185.35 on 19-Dec-2016 and a 52 week low of Rs. 104.70 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 176.00 and Rs. 165.50 respectively. The current market cap of the company is Rs. 393.86 crore.

The promoters holding in the company stood at 49.40%, while Institutions and Non-Institutions held 12.69% and 37.91% respectively.

Mastek has completed the closing formalities in relation to the share purchase agreement for acquisition of 100% equity shares of Trans American Information Systems and consequently, Trans American Information Systems has become a wholly owned subsidiary of the company.

Further Digility Inc., US, an overseas first level step down subsidiary of the company, has completed the acquisition of TaisTech LLC, USA and Trans American Information Systems Inc. USA. Pursuant to the said acquisition, TaisTech LLC, USA and Trans American Information Systems Inc. USA have become wholly owned subsidiaries of Digility Inc., US and consequently, they have also become step down wholly owned overseas subsidiaries of the company.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide. The company architects, designs, develops, integrates, and maintains strategic applications at customers’ end with a focus on the insurance and government sectors.


Mastek Share Price

1761.10 -5.15 (-0.29%)
22-Apr-2026 10:53 View Price Chart
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