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Mastek plans to sell 12% stake held in Majesco

15 Apr 2019 Evaluate

Mastek is planning to sell its 12% stake held in its former subsidiary Majesco by the end of 2019 and deploy the cash for acquisitions, as it aims a fourfold growth in business in the medium-term.

Majesco and Mastek demerged in 2014 but the latter continues to hold 12% stake in the former.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.

Mastek Share Price

1692.25 12.75 (0.76%)
24-Jul-2026 16:59 View Price Chart
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